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SPDN - Shocking Wave Of Job Destruction In The U.S.
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The last four weeks witnessed an unprecedented level of jobs shut down in the U.S. (and elsewhere in the world). My earlier post here provided some comparatives. But here is a summary of jobs losses in every U.S. recessions from 1945 through 2019, and comparative figures for jobs losses in March to mid-April 2020:
Put simply, the last four weeks of U.S. jobs shut downs are roughly equivalent to the total jobs losses in all U.S. recessions 1945-2002, or, looking in the opposite direction, to all jobs losses in every recession from 1960 through 2009.