I don't want to minimize the current recession, but wouldn't it have been more accurate for the Speaker's office to have made
this graph in percentages, rather than total number of job losses? After all, there are more people employed now than there were in 1990 or 2001. Hence, more people will lose jobs in a downturn.
4 comments:
Gnarly!
I just wanted Pelosi to use percentages, is all.
Who was that, Mike Huckabee?
Seth, the Curious Capitalist blog on Time.com mde the same remark and presented an alternative chart comparing "payroll employment during every recession since the mid-1970s .. in percentage terms":
Comparing this recession to the last five
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