CHART OF THE DAY: THE SCARIEST JOBS CHART EVER
Sam Ro | Jan. 4, 2013, 10:39 AM | 1,323 | 4
It’s jobs day in America.
This morning we learned that the U.S. economy added 155k jobs December and the unemployment rate ticked up in 7.8 percent.
Although the numbers were in line with economists’ expectations, they still reflect a job market that remains incredibly weak almost four years into the economic recovery.
Calculated Risk runs a chart every month putting the current jobs recovery into perspective.
“This shows the depth of the recent employment recession – worse than any other post-war recession – and the relatively slow recovery due to the lingering effects of the housing bust and financial crisis,” writes Bill McBride of Calculated Risk.
Read more: https://www.businessinsider.com/pct-job-losses-in-post-wwii-recessions-2013-1#ixzz2H1fOV1Pk
also shows the effect of having a president more interested in wealth redistribution than wealth creation.