Check out the last four recession lines – 1981, 1990, 2001 and 2007: the trend gets worse with each successive recession. Is this due to structural issues or something else?
What might this foretell for the next one?
Especially since we are not dealing with the foundational economic issues….and our fiscal and monetary policy handlers continue to create bubbles, bubbles and more bubbles.
THE SCARIEST JOBS CHART EVER
This morning we learned that the U.S. economy added 165,000 jobs in April. And the unemployment rate fell to 7.5 percent.
Overall, the jobs report was much better than expected.
However, it continues to reflect a labor market that remains incredibly weak almost four years into the economic recovery.
Calculated Risk runs a chart every month that puts the current jobs recovery into perspective.
"This shows the depth of the recent employment recession — worse than any other post-war recession — and the relatively slow recovery due to the lingering effects of the housing bust and financial crisis," writes Bill McBride of Calculated Risk.
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