The following is a crosspost by Sam Ro that originally appeared on Business Insider under the title “CHART OF THE DAY: THE SCARIEST JOBS CHART EVER.”
It’s jobs day in America.
This morning we learned that the U.S. economy added 155k jobs in December and the unemployment rate ticked up in 7.8 percent.
Although the numbers were in line with economists’ expectations, they still reflect a job market that remains incredibly weak almost four years into the economic recovery.
Calculated Risk runs a chart every month putting the current jobs recovery into perspective.
“This shows the depth of the recent employment recession – worse than any other post-war recession – and the relatively slow recovery due to the lingering effects of the housing bust and financial crisis,” writes Bill McBride of Calculated Risk.