Modeling, Analytics and Business Intelligence

Job Losses Over Post-World War II

Posted in Economy by Sanjay Bapna on February 10, 2009

From CalculatedRisk, here is a chart comparing the job losses from prior recessions:

Job Losses (%)

Job Losses (%)

 What is striking is that 1) the job losses during the last two recessions lasted far more than previous recessions, 2) the current recession is steep and has a lot deeper to go. If it is as broad based as the prior two recessions, we can expect to see a lost decade that Japan experienced during the 90s.


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