Finance » Garrett Tedeman, MBA, CPA

By: Newchicagocpa  09-12-2011

This is really something.  For an exercise in what is called “visualization” take a look at the job losses in this chart.  In the words of the immortal Harry Carry:  “Holy Cow!”

Source:  Bureau of Labor Statistics (BLS)

This chart compares the job loss so far in this recession to job losses in the 1990-1991 recession and the 2001 recession – showing how dramatic and unprecedented the job loss over the last 13 months has been. Over the last 13 months, our economy has lost a total of 3.6 million jobs – and continuing job losses in the next few months are predicted.

By comparison, we lost a total of 1.6 million jobs in the 1990-1991 recession, before the economy began turning around and jobs began increasing; and we lost a total of 2.7 million jobs in the 2001 recession, before the economy began turning around and jobs began increasing.

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