Graphs

Graphs: Everything We Know About the Long-Term Unemployed

Feb 7 2012

By Derek Thompson
From The Atlantic

Understanding this chart: I'm tracking the growth in unemployment by DURATION with the shortest-term unemployed in orange at the bottom, and the long-term unemployed in blue at the top. I've indexed all numbers to begin at 100 in January 2007. Takeaway 1: People unemployed for 15-26 weeks (red) have doubled. Takeaway 2: People unemployed for 27 weeks and over have quadrupled.

See that graph? Click it. Print it. Tape it to your wall, and maybe give it some lamination. This is what the tragedy of long-term unemployment looks like, with the blue line tracking the quadrupling of those unemployed six months or longer.

Graphs: Job Loss Since World War II

Jan 12 2012

The economics blog Calculated Risk has posted several graphs that place the job losses in the current downturn in historic perspective - in a very striking way.