{"id":1813,"date":"2011-12-02T08:43:38","date_gmt":"2011-12-02T16:43:38","guid":{"rendered":"http:\/\/savingtherepublic.com\/blog\/?p=1813"},"modified":"2011-12-02T08:43:38","modified_gmt":"2011-12-02T16:43:38","slug":"the-scariest-jobs-chart-ever","status":"publish","type":"post","link":"http:\/\/savingtherepublic.com\/blog\/2011\/12\/the-scariest-jobs-chart-ever\/","title":{"rendered":"The Scariest Jobs Chart Ever"},"content":{"rendered":"<p><a href=\"http:\/\/www.businessinsider.com\/chart-of-the-day-percent-job-losses-in-post-wwii-recessions-2011-12\">Business Insider: Joe Weisenthal<\/a><br \/>\nToday&#8217;s jobs report <a href=\"http:\/\/www.businessinsider.com\/the-november-jobs-report-2011-12\">was a mixed bag<\/a>.<\/p>\n<p>We&#8217;d break it down into three key ideas:<\/p>\n<ul>\n<li>Headline jobs growth of 120K was a bit disappointing.<\/li>\n<li>However, when added with past upward revisions, it was still pretty solid.<\/li>\n<li>The unemployment rate nicely dropped from 9% to 8.6%, but there was a pretty big exodus of workers from the workforce, so that distorted the number a bit.<\/li>\n<\/ul>\n<p>All that being said, the jobs recovery remains pretty mediocre, and that&#8217;s best exemplified by this monthly chart from <a href=\"http:\/\/feedproxy.google.com\/~r\/CalculatedRisk\/~3\/CFiqi1II-SI\/november-employment-report-120000-jobs.html\">Calculated Risk<\/a>, which we&#8217;ve dubbed the scariest jobs chart over.<\/p>\n<p>The basic idea: All of the recessions are compared from their start date, with each line looking at the collapse in unemployment and subsequent recovery.<\/p>\n<p>In almost all recoveries, the jobs situation has been v-shaped, with jobs coming back quickly once the recession ended.<\/p>\n<p>That started to change with the 2001 recession: It took a long time for all the jobs to return.<\/p>\n<p>And now we&#8217;re in the worst jobs slump ever, with the recovery not looking very v-shaped at all.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"employment chart since ww2\" src=\"https:\/\/i0.wp.com\/static5.businessinsider.com\/image\/4ed8dd7b6bb3f7cf1000003b-629-417\/chart.jpg?resize=629%2C417\" alt=\"\" width=\"629\" height=\"417\" data-recalc-dims=\"1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business Insider: Joe Weisenthal Today&#8217;s jobs report was a mixed bag. We&#8217;d break it down into three key ideas: Headline jobs growth of 120K was a bit disappointing. However, when added with past upward revisions,&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_options":[]},"categories":[9,232],"tags":[3109,3108,3106,3105,3110,3107,3113,3103,3104,3112,3111,2093],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/posts\/1813"}],"collection":[{"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/comments?post=1813"}],"version-history":[{"count":0,"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/posts\/1813\/revisions"}],"wp:attachment":[{"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/media?parent=1813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/categories?post=1813"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/savingtherepublic.com\/blog\/wp-json\/wp\/v2\/tags?post=1813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}