No Ordinary Recession

posted on April 24th, 2010 filed under: Financial Responsibility, Real Estate Market Data

Was the recession that began in 2007 just another typical downturn?  Or is it something more?

Consider the number of people employed.  In every recession since the Great Depression, the number employed has fallen, but in a pattern of higher highs and higher lows.

U.S. Nonfarm Employment -- 1939 to Mar. 2010

This time, for the first time since the Depression, the low is not a higher low, but roughly as low as in the prior recession.

U.S. Nonfarm Employment -- 1990 to Mar. 2010

To put it mildly, this is not normal.  Be careful out there.

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posted by // This entry was posted on Saturday, April 24th, 2010 at 8:30 am and is filed under Financial Responsibility, Real Estate Market Data. You can follow any responses to this entry through the RSS 2.0 feed.

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