Bob Cropf

Posts Tagged ‘Job Losses’

Job losses in line with earlier recessions

In economics, Unemployment on March 13, 2009 at 7:21 AM

For all the talk about this economic downturn being the worst since the Great Depression, most economists who study this kind of thing say that the data so far resembles 1981-82 recession ( see Fox and Polley). The charts on the two sites show a close resemblance to earlier recessions. Polley says the current downturn is demand-driven. Based on this interpretation, he argues that the recession will probably last at least another year. On the bright side, he suggests that we should be back at peak employment in 24 months.


Job Losses

In miscellaneous on February 7, 2009 at 6:00 PM

Speaker Pelosi’s office put out this graph on Friday:
Job Losses in Recent Recessions