The Scariest Jobs Chart Ever

[FarCenter]

http://www.businessinsider.com/scariest-jobs-chart-ever-february-2010
Henry Blodget | Feb. 5, 2010, 9:46 AM | 3,026 | 24

This chart from Calculated Risk shows the decline in jobs as a percentage of the work force at the peak.

To date in this recession, we've lost 8.4 million jobs. The decline as a percentage of the workforce is the worst since the Great Depression, matching the sharp but short drop in 1948, as the war machine wound down.

Equally important, the duration of these job losses, as well as the lack of a sharp recovery (at least so far), suggests that the problem will be with us for a long while. We're now 24 months into this decline, and we're still at the bottom. By this point in most previous recessions, we had already recovered all of the lost jobs.

<To see the chart>http://www.businessinsider.com/scariest-jobs-chart-ever-february-2010

[dixiegrrrrl]

1. If you want save a click, here is the chart.

[FirstLight]

2. I sent this to my parents...

My mom is obsessed with me getting into the corporate world and finding a job like that, when I am actually *just* starting to see some potential for growth in my own business, and I am drawn to working for non-profit if anything. I can't get it throuh their heads that the world no longer works for the middle class...there IS NO middle class anymore.
We have less opportiunity now than ever and any job is not going to be your "ticket" because there is no guarantee you will even HAVE a job in 6 months.

thanks for the info, I may have to write a blog entry about this too...it's been coming up alot for me in the last week.

[Better Today]

8. Interesting, I'm sending it to my daughter whose having difficulty

understanding that I can't get 2-3 minimum wage jobs to make up for the business income I'm lacking because I can't even find one job.

[Vinnie From Indy]

3. Weeeeee!

Might as well throw your arms up and enjoy the ride!

[cilla4progress]

9. Flamebait

I posted on this yesterday (the coming hard times) and was called Chicken Little. I included jobs, the big market sell-off yesterday, other economic indicators - including globally.

I'm sorry, but I do think we may have stalled, though not averted global depression. C'mon folks, it happens with regularity, every 10 - 20 years. I'm just hoping - really hoping - it will turn around some of our institutions - starting with congress, Supreme Court, capitalism - in a more positive (e.g., egalitarian) direction.

[Mari333]

4. knr

[closeupready]

5. Notice that the length of time back to full employment is lengthening.

The previous two recessions lasted longer than any of the previous ones, and the further away we from the Great Depression, the longer they are lasting.

I presume that speaks to the fact that regulation has slowly been rescinded over the course of that time, and today, with basically less regulation than at any time since 1929, our recession is going to last longer than any other since then.

We need to reinstitute tough new financial regulations.

[Vincardog]

6. No: We need to re-institute tough OLD financial regulations. The Sherman antitrust act as well.

[laughingliberal]

13. Yep. No political will to do it but it is what we need. nt

[FarCenter]

7. I think that it is a result of the economy no longer expanding

During the earlier recessions the economy was generally expanding an the US was on an up-trend.

Since the '80s, the secular trend has been for expansion between recessions to be much weaker, and since 2000, the US economy has stagnated in absolute terms and is in decline relative to the rest of the world.

[FirstLight]

10. DING!DING!DING!

I think that it is becoming more apparent that Capialism has finally "eaten itself"

can't have a consumer based economy when the consumers are without money or resources...

crazy shit man...
anybody wanna get into the Wampum movement !?

[cilla4progress]

11. Sounds good to me!

:toast:

[closeupready]

14. Exactly right on all points.

Capitalists themselves are corrupting the capitalist system because, duh, a capitalist system needs affluent consumers in order for that system to succeed. Over the last 30 years, we have seen incomes separate like oil and water, as capitalists take profits and put it in their own pockets rather than give a portion of it back to workers who have become more and more productive. Get any lip from your workers, tell them to go find other jobs ('if you think you're such hot shit, haha,' it is implied), a strategy that 'works' on a short-term basis, but over the long-term, fewer people start up new businesses, existing businesses fail to respond dynamically to new challenges, and the larger economy loses ground to places like China and India.

[laughingliberal]

12. Bingo!

People keep comparing this to recessions of yesteryear when the system was not so heavily rigged against us. This is not your father's recession.

[pleah]

15. K&R

[Dr.Phool]

16. Small businesses need CUSTOMERS with money. Not more loans.

The economic team is misdiagnosing the problem.

To get customers, they need jobs. Jobs that pay. Not $8 an hour McJobs.

[DCBob]

17. Scary yes, but it would be even scarier if it wasn't leveling off.

IMO.