The turn upward in this chart was a near-exact correlation with the end of the recession in the early part of the decade. Not only are we dramatically worse now, we haven't even begun to turn, and those who have exited the labor force continues to skyrocket.
The key item here is loan losses. They will not begin to stabilize until year-over-year job loss turns.
6 posted on 11/06/2009 6:30:48 PM PST by HangnJudge