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Current Job Losses: Not as Bad as the Great Depression

By Matthew Yglesias on March 16, 2009 at 5:01 pm

"Current Job Losses: Not as Bad as the Great Depression"


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The current recession is “the worst since the Great Depression” but it’s still a good deal better than the Great Depression. Justin Fox has a chart that makes the point:


The data’s not directly comparable because farm employment was a bigger deal back then, but this is about as close to an apples-to-apples comparison as you can find and the apples of the 1930s were much, much, much worse than our apples.

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