curiouscapitalist.blogs.time.com - 3/7/2009
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I've updated my wildly popular chart of the decline in payroll employment with the nasty new numbers that the Bureau of Labor Statistics released this morning . TIME.com graphics czar Feilding Cage is out, so I made the chart myself, which explains why it's uglier than usual: febjoblossesrevise ...
calculatedriskblog.com - 3/11/2009
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calculatedriskblog.com —
It seems like the "D" word is everywhere.
And that raises a question: what is a depression?...
Although there is no formal definition, most economists agree it is a prolonged slump with a 10% or more decline in real GDP. Yesterday I heard an analyst say ...
(more)
What is a depression?
andrewsullivan.theatlantic.com - 3/7/2009
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andrewsullivan.theatlantic.com —
They come up with a plan: a spending
freeze ! And no, this isn't some nutcase. It's...
John Herbert Hoover Boehner!
(more)
The GOP And The Recession
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Blog Reactions
Justin Fox: Employment Decline Now Worse than in 1981-82
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... via curiouscapitalist.blogs.time.com Justin Fox says: >I've updated my wildly popular chart of the decline in payroll employment with the nasty new numbers that the Bureau of Labor Statistics released this morning. TIME.com graphics czar Feilding Cage is out, ...
Jobs Situation Now Worse Than 81-82 Recession
Matthew Yglesias —
... Justin Fox has an updated chart comparing job losses in percentage terms in the most recent six recessions. We’ve now surpassed the 1981–82 recession and, I think, thereby qualify ourselves for true “everything is terrible” status. On the other hand, the 81-82 recession came hot on the heels of the brief 1980 recession so in some ways we may still be neck-in-neck with early eighties-style badness. ...
Gravity, Etc
The Daily Dish | By Andrew Sullivan —
Justin Fox updates his chart: ...job losses from this recession are now worse than in 1981-1982, which is generally considered to have been the most severe economic downturn in the U.S. since the Great Depression. Barring a more or less unimaginable turnaround in the month or two, they will be much worse. Just look at how steep that brown line is! ...
Matalin: ‘Arguably’ George W. Bush’s 2001 Recession Was ‘Worse’ Than Today’s
Think Progress —
... with 9/11, was shallow and short, and we went on to have 52 months of consecutive growth. I’m not doing talking points here.
Listen here:
Needless to say, Matalin’s claim about the 2001 recession is laughable. As Time’s Justin Fox recently pointed out, February’s job loss numbers mean that the employment decline of the current recession is now worse than in the 1981-82 recession:
Additionally, Matalin claims ...
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Employment: Worst since 1974-1975 :: The Curious Capitalist
curiouscapitalist.blogs.time.com 2/7/2009 — Barbara's working on a piece for TIME.com about today's nasty unemployment report, which we'll link to when it's up. ( Update : Here it is .) As always, I'm frustrated with all the reporters and Wall Street economists who look at the payroll ...
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Economic Scene - Job Losses Show Breadth of Recession
nytimes.com 3/4/2009 — What does the worst recession in a generation look like? It is both deep and broad. Every state in the country, with the exception of a band stretching from the Dakotas down to Texas, is now shedding jobs at a rapid pace. And even that band has ...
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