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Job Losses Worse than Anything Since the 1930s

A couple of days ago I posted a graph (here) on unemployment as a percentage of employment.  It showed an average for past recessions, and I opined that might be misleading.  I said I would try to put up a graph that showed the individual recessions.  Calculated Risk (here) has already done that, graph below:



It will take one hell of a recovery for this employment situation not to play out dramatically worse than anything seen since the Great Depression.

Hat tip to Barry Ritholtz at The Big Picture (here).