CHART OF THE DAY: (Still) The Scariest Jobs Chart Ever

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Yes, this morning’s jobs report was “good,” but we’re FAR from anything resembling a robust recovery in the labour market.

From Calculated Risk, here are all the job troughs since WWII. Note that while the recovery is very mediocre, shape-wise it’s pretty similar to 2001 and also the recession in the early 90s. It’s been ages since we’ve actually had a v-shaped jobs recovery.

chart of the day, job losses post wwii recessions, nov 2010

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