Employment crosses the line

With the January figure, payroll employment has crossed the line of the worst previous recession, the one beginning in July 1981, rescaled to the size of today’s labor force. One more bad month and the current recession will become the worst on record, apart from the Great Depression.

emppic

This entry was posted on Saturday, February 7th, 2009 at 1:37 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

2 Responses to “Employment crosses the line”

  1. Employment Crosses Over | Venture Capital Bloggers Network Says:
    February 7, 2009 at 6:23 am

    [...] More here. [...]

  2. WSJ Alert 6 (335/402): Unemployment & Financial Crisis « Vaughanomics Says:
    February 9, 2009 at 11:55 pm

    [...] at the employment, rather than unemployment, gives an even bleaker picture: Employment Numbers Approaching 1982 Lows.   By the way, Bob Hall is a macroeconomist at Stanford.  You can click on the “Woodward [...]

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