Recovery still has a long way to go

This chart shows how much worse job losses have been in this recession compared to other recessions since World War Two.

Mike Konczal, who posts on the Roosevelt Institute web site, pointed out that unemployed Americans are dropping out of the labor force at a faster rate than they are finding jobs.  Click on Rortybomb for his post.

Heidi Shierholz, of the Economic Policy Institute, said the outlook is probably better than the figures indicate, because of seasonal factors, but the outlook is still grim, including for new college graduates.  Click on Economic Policy Institute for her analysis.

Click on Calculated Risk for the source and explanation of the chart above, and more charts.

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