This Jobs Chart Is Absolutely HorrifyingMatthew Boesler
At Business Insider, we like to reference the "scariest jobs chart ever." It shows how long it has taken to recover all of the job losses since the beginning of past recessions. It's pretty self-explanatory:
This is bar none the worst experience the U.S. has had with unemployment since the Great Depression.
However, other countries have suffered worse in the wake of financial crises before.
NPR Planet Money brings this chart to our attention today from the Oregon Office of Economic Analysis to illustrate that point:
NPR Planet Money
Planet Money even suggested Business Insider use the title "THE SCARIEST JOBS CHART EVER COULD HAVE BEEN A LOT SCARIER."
It should also be noted that the U.S. is simply not far along enough in its recovery, per the chart above, to really be called "out of the woods" relative to past crises, but looking at the first four years, it seems to stack up pretty well.
Bottom line: financial crises are devastating for workers. Everywhere. more