What's That Giant Red Line On This Terrifying Unemployment Chart?
Is this "the scariest unemployment chart ever?" the OC Register asks of Business Insider's claim. With Friday's sobering U.S. unemployment report painting an un-pretty picture, did anyone really think an actual picture would make them feel better? Cue the economists at Calculated Risk who, while looking for evidence an economic recovery, instead found all these terrible little lines. Especially the red one.
Via Business Insider:
This chart measures the percentage of jobs lost during various recessions, and the pace of recovery. As you can see, this recession saw WAY more aggressive job cutting than in the past, and the recovery has been anemic.