Busted: Bankers and The Global Economy

April 4, 2010

Jobs: Comparing Recessions

Filed under: economy, recession — Tags: , , , , , , , , , — digitaleconomy @ 12:46 pm

Jobs: Recession Comparisons
15 million Americans are unemployed and looking for work. Discouraged workers that are not seeking employment are not counted in that total. The U.S. economy added 162,000 jobs in March, the biggest monthly net gain in three years, even though the published unemployment rate remains at 9.7 per cent.

The chart above shows job changes in this recession compared to recent ones, with the blue line representing the current downturn. The line has ticked upward, but still has a long way to go before the job market fully recovers to its pre-recession level.

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