Chart Of The Day

[babylonsister]

http://swampland.blogs.time.com/2009/02/06/how-bad-is-i... /
Swampland - TIME.com
Friday, February 6, 2009 at 3:51 pm
How Bad Is It?
Posted by Karen Tumulty


This bad, House Speaker Nancy Pelosi's office shows us:



If you are having trouble reading the fine print: The blue line shows job losses in the 1990 recession; the red line is 2001, and the green line is the path we are on now.

UPDATE: To clarify, these are not projections. This is actual job-loss data.* Pelosi's office explains:

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.


*Pelosi's office says they used Bureau of Labor Statistics numbers.

[Vanje]

1. dupe

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=4999561&mesg_id=4999578

[BrklynLiberal]

2. Wow