Chart of the Day - Job losses are nearly 3 times average
As today’s chart illustrates, the current job market has suffered losses that are nearly three times as much as the average. In fact, if this were an average recession/job loss cycle, the number of jobs would have begun to increase three months ago.
I occasionally think (hope?) that there is a chance that we will look back on this recession and think how typical it was in retrospect. Then something comes along that says, “Well, some things are different this time.”
