What losing 4.4 million jobs over 14 months looks like.

Posted on

"What losing 4.4 million jobs over 14 months looks like."

In February, employers cut 651,000 jobs , and the national unemployment rate soared to 8.1 percent — the worst since December 1983. The Gavel provides a graph comparing recent job losses to the 1990-1991 and 2001 recessions, showing just how dire the economic situation is today:

By comparison, we lost a total of 1.6 million jobs in the 1990-1991 recession, before the economy began turning around and jobs began increasing; and we lost a total of 2.7 million jobs in the 2001 recession, before the economy began turning around and jobs began increasing.

jobloss2.gif

“Over the last 14 months, the economy has lost a total of 4.4 million jobs – and continuing job losses in the next few months are predicted.”

Update

The New York Times also provides a chart.

« »

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.