Unemployment Rate

Post-recession Unemployment ‘Scariest Ever’ Job Chart Show its Worst Than WW2

As US unemployment jumped to 9.8 per cent, it is a chart to chill the bones of any job hunter.

Comparing previous recoveries from all 10 American recessions since 1948 to the current financial crisis, the figures show almost no improvement in employment figures in the past year.

Some commentators have described the comparison as ‘the scariest jobs chart ever’, pointing to the fact that only the 2001 recession took longer to bring employment back to pre-crisis levels.

Number of months after peak employment

Number of months after peak employment

Even then, the total percentage of jobs lost bottomed out at two per cent, compared with six per cent this time round.

 Unemployment is a MAJOR problem because President Obama and the Democratic dominated congress ignored the economy and busniess growth the last two years and instead pushed their far-left ideologies, including Cap and Tax and ObamaCare.

The Democrats paid the price last month and Obama may very well be voted out of office because of his gross negligence of matters financial.

Posted from Diigo. The rest of my favorite links are here.