You are using an outdated browser.
Please upgrade your browser
and improve your visit to our site.
Skip Navigation

The Employment Situation In Pictures

Or more accurately, graphics, since there's nothing else in the world that gets econo-nerds' visual proclivities going quite like the data-rich jobs report -- which today provided some more evidence that the bottom of the current downturn is behind us. Here's a selection of some of the best charts from around the web.

The New York Timescompares

Also at the Times, David Leonhardt's job-market distress indicator is still uncomfortably high, but not quite as bad as during the '81-'82 recession:

Calculated Risk points out that, at 9.4 percent, the current unemployment rate is higher than the hypothetical worst-case scenario used in the government's stress tests (click for bigger):

Calculated Risk also shows how the employment-population ratio, which captures the "discouraged worker" effect, has fallen off a table this recession (click for bigger): 


EconompicData (via Ritholtz) plots the widening gap between jop openings and the unemployed:

And I'll finish with one of my own. This chart compares the current recession with the average for the two other post-WWII recessions that lasted at least 17 months ('73-'75,'81-'82). It shows the monthly percentage change in the number of employed people in the economy:


The implication is that, although the trend in job losses is not unusual this time around, our recession has been a particularly nasty one. Which, as this next graphic from the IMF shows, is a typical outcome for downturns associated with financial crises:

--Zubin Jelveh