Recovery Lags Average Recession!
Posted on September 3rd, 2010 by MoverMike
Chart of the Day writes about this chart:
Today’s chart puts the latest data into perspective by comparing job losses following the beginning of the current economic recession (solid red line) to that of the last recession (dashed gold line) and the average recession from 1950-1999 (dashed blue line). As today’s chart illustrates, the current job market has suffered losses that are more than triple as much as what occurs at the lows of the average recession/job loss cycle. Also, today’s decline in jobs provides further evidence that the current ‘economic recovery’ remains sluggish at best.
There is probably a reason that guy bought up all those cocoa beans.
I’ll take a handful please.