Friday, August 2, 2013

2/8/2013: June's Great Recession Update

The usual monthly chart from Calculated Risk (h/t for the reminder to check to @businessinsider )... US Great Recession in comparison:


Source: http://www.calculatedriskblog.com/2013/07/june-employment-report-195000-jobs-76.html

Continue to be scared... cause we've been scared for the last 65 months... And a reminder from my previous re-posts of this chart: notice how frighteningly longer are the durations of employment recoveries in recent recessions since 1981.

And while we are on this, here's a good discussion of completely unrealistic US expectations for fiscal recovery: http://www.bloomberg.com/news/2013-08-01/why-the-cbo-s-deficit-forecasts-are-too-optimistic.html via @BloombergView
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