Monday, February 9, 2009

Job Losses - Comparing Recent Recessions


The current contraction is far far worse than the prior downturns: 3.6 million — and counting — job losses as of January 2009 is worse than the 2.7 million jobs lost in the 2001 recession, and far worse than the 1.6 million job losses in the 1990-1991 recession.

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