The Scariest Jobs Chart Ever

The Business Insider ^ | 7/3/09

[FromLori]

Another month or two, and this really will be the biggest economic disaster since the Great Depression. Read »

The chart below, from Calculated Risk, shows the percentage decline in jobs from peak employment in all the recessions since World War 2.

We still haven't quite eclipsed the 1948 drop, but we likely will in another month or two. And that will leave only the Great Depression to make us feel better about ourselves.

The good news in the chart, such as it is, is that employment can recover quickly once it finally turns. Anyone care to place a bet as to when that will be?

Here's a bigger version from the chart on Calculated Risk. And here's CR's take on the situation.

http://www.calculatedriskblog.com/2009/07/another-involuntary-landlord-and.html

http://www.calculatedriskblog.com/2009/07/another-involuntary-landlord-and.html

[Enterprise]

Wow! The phrase “off a cliff” seems apt here.

[SandRat]

Here’s a bigger version from the chart on Calculated Risk. And here’s CR’s take on the situation.

http://www.calculatedriskblog.com/2009/07/another-involuntary-landlord-and.html

http://www.calculatedriskblog.com/2009/07/another-involuntary-landlord-and.html

[FromLori]

obama depression

[FromLori]

Second, the monthly payroll report, like the one issued today, is full of largely coincident data. However, it does have one piece of leading data: the length of the work week. This is generally considered a leading indicator because employers will tend to adjust the number of hours their employees work before hiring or firing them. For example, it would be normal for companies to begin to pay existing workers overtime before they hire additional workers because of the uncertainty related to the initial upturn in a production or service cycle.

However, commentators rarely highlight the length of the work week when discussing the monthly employment report.

What has been happening to the length of the work week? It has hit all-time lows the last two months. That’s right. The only official leading indicator in the employment report has hit all-time lows the last two months. Who has reported that? No one.

http://www.businessinsider.com/richard-bernstein-why-is-weak-employment-a-surprise-2009-7

[Bean Counter]

“Green Shoots”...

[anniegetyourgun]

Gosh, I called it that (depression) 2 months ago here on FR and everyone scoffed and mocked.

[parsifal]

As the Freeper who invented the term, “frippery slope” (had to toot my horn!) I don’t believe we can recover jobs quickly because of the nature of our jobs nowadays. IMHO, too many jobs in the last two decades or so have been “frippery”, something unnecessary. Only bloated demand and over-heated economy and easy credit made those jobs occur.

parsy, who if he can’t continue surviving, plans on whining like a titty-baby for a government check.

[OrangeHoof]

Remember when Clinton ran in 1992 calling it “the worst economy in the last 50 years”. This chart illustrates what a complete lie that was.

[Hoosier-Daddy]

From “Chance the Gardener”.

[FromLori]

I wasn’t one of them I have been saying obama 08 depression 09 not just a bumper sticker anymore for months lol

[WKUHilltopper]

Thanks to the idiots in Congress and the White House for killing the Republic.

[F15Eagle]

bookmarked

[Blood of Tyrants]

When you calculate in the number of people who have run out of employment benefits or have taken part time jobs, the unemployment rate is 16.5%.

How is that hope and change working for you Obamabots?

[rawhide]

[FromLori]

Does a little box show up on your screen and no picture? That is what is showing up on mine and that is what I always get when I try to do pics too

[Kid Shelleen]

Q: How do you turn a recession into a drepssion?
A: Elect a corrupt socialist as president

[rawhide]

For posting images: type this exactly as written: < img src="url address link">

Note: in the above command, delete the space, in my example, between the '<' symbol and the word 'img'.

Note: the url address link is found by right clicking on the image you want to post, and then clicking on 'properties'. Copy and paste that url into the command.

One final note, some images are formatted to where you cannot link to them. It is rare though.

Pactice posting the chart I posted into your thread. A few image posts, and you will be an expert.

[rawhide]

Example of command:

< img src="http://2.bp.blogspot.com/_pMscxxELHEg/Skyq54TUtPI/AAAAAAAAFuE/JywLBQ0kG_o/s1600/JoblossPercentJune2009.jpg">

Be sure to delete the space after '<' symbol, then your picture will be displayed like so:

[FromLori]

Odd I do not see a picture only a box I wonder if it is because I am using google chrome?

[Richard Kimball]

I'm getting it too. I copied it to my server. Here it is:

[FromLori]

Thank you

[ReformedBeckite]

I wonder what the job loses would look like for the great depression.

[FromLori]

There were some recently they paralleled it I can’t remember who had them but this is a good articles with figures...

http://www.philly.com/philly/business/20090702_ap_meltdown101unemploymentbythenumbers.html

[rawhide]

Here is the image posting using Google Chrome (I do not know why you cannot post images? Usually the red X appears for me if I did not type the command correctly):

[FromLori]

So when you right click you do not see properties correct? Then what command do you use do you have to first save the picture?

[rawhide]

After I right click, I click on ‘copy image url’. This is the url address link.

[FromLori]

Thanks rawhide

[Pining_4_TX]

This is not cheering me up, folks. My husband was one of the ones who lost his job (in March). Not good at all.

[Enterprise]

I am very sorry to read that Pining. My prayers for you and your husband.

[Jmouse007]

This is the OBAMDEPRESSION: The depression Obamessiah and HIS policies have created. He owns it and is implementing it in order to destroy America as we know it in order to establish his new amerikka where everyone is dependent upon him and his corrupt government.

[blam]

bfl