For the past year or so, we’ve referred to the chart below as “The Scariest Jobs Chart Ever.”
Published by the amazing economics blog Calculated Risk, the chart shows the decline in employment as a percentage drop from peak employment for every recession since World War 2.
And as you can see from a quick glance at the chart, our current recession (or recovery, or whatever it is) is by far the worst in post-War history.
U.S. employment is still miles below where it was in 2007. And the rate at which employment is improving suggests it will take many more years before we regain the previous high.
Earlier today, we crowned a new chart, “The Scariest Jobs Chart Ever.” The new one shows the average duration of unemployment, which is the highest it has ever been (by miles) and is still increasing. Basically, this chart suggests that a big chunk of the American labour force will never work again.
And the duration of unemployment chart is certainly scary.
But the chart below, showing the decline in employment from the peak–and the non-recovery since the trough–is still downright frightening. (Click for larger).
Photo: Calculated Risk
See Also: The New Scariest Jobs Chart Ever
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.