Friday, September 9, 2011

THE Depression Chart - latest update

Five observations (some repeats):

1. The magnitude of the job loss continues to be astounding.
2. The latest numbers of no job growth show the possibility of a downward trend gets more real.
3. The 2001 recession, the only one that even comes close to the long lasting job loss of this one, is also the most recent. This points out that structural problems in our economy are at work having built up over time.
4. The idea that we are no longer in a recession relates to the fact that we were not technically in a recession throughout most of the Great Depression.
5. This chart which month after month shows the actual depression will no doubt be in history books if and when we recover, in it's final form.