Monday, September 07, 2009

"The Scariest Jobs Chart Ever"


How does the current unemployment situation compare to prior recessionary periods? Henry Blodget calls this "The Scariest Jobs Chart Ever."


It will take more than "hope" to spur a recovery. It will require a commitment by government to free enterprise: to alleviate the fears that business owners have regarding forced unionization and massive new energy taxes; to reduce the size and scope of government and its attendant tax burdens on the real economy; to spur new investments and innovations...

But given the current administration and the hard left Democrat leadership in Congress, one can safely assume that none of those things will come to pass.

As our beloved Vice President said many months ago, "Gird your loins."


Update: Gluskin Sheff offers a few additional graphs that further illuminate the harsh reality of the situation.





Update II: Calculated Risk has more.

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