Friday, December 4, 2009

Another V-sign

Here's yet another update to this chart I've shown many times. This chart shows the ratio of weekly unemployment claims to the total number of jobs according to the establishment survey. The improvement in this ratio is at least as dramatic as what we saw in the V-shaped recovery following the 1981-82 recession, and much more dramatic than the recovery following the 2001 recession which was generally regarded as very mild, almost U-shaped.

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