Friday, October 2, 2009

Deep breaths... don't panic...

This chart courtesy of Catherine Rampell (via Ezra). Look, I'm no economist, but most of those curves look pretty symmetrical. If our current job loss curve follows a similar pattern, we won't see net job growth until past the 48-month mark. That's 2012.

"The second derivative is positive" is not a winning campaign slogan for the Democrats next year.

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