Monday, October 5, 2009

Another Chart Reflecting Job Losses

I would like to present an interesting chart on job losses. My last chart concerning job losses was posted on September 10. The commentary I presented there is still highly applicable to the latest unemployment numbers.

This chart is from from October 2. I like this chart as it presents a depiction of the relative severity of our current period of economic weakness vs. that of prior periods from both a "duration" and "extent" perspective:

click on chart to expand

There should be no doubt that this unemployment situation is severe, especially in light of the fact that other employment/income options like starting one's own business in this economic climate would be (very) difficult.

For those who haven't yet read it, I wrote a blog series titled "Why Aren't Companies Hiring?"

SPX at 1031.47 as this post is written

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