Labor Markets During Recessions

With a hat tip to Economix for this reference, economics staff at the Federal Reserve District Bank in Dallas have compared employment, unemployment and related measures in our current recession to those of earlier recessions and depressions. Here is an important, chilling graph from the report. One consolation is that later graphs show that the current labor picture is nowhere near as bad as the Great Depression (small consolation to those out of work today).

Unemployment in Post WWII Recessions: Source Fed/Dallas

Unemployment in Post WWII Recessions: Source Fed/Dallas

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