Dismal Unemployment Situation In Chart Form

The last three recessions are unlike the eight preceding recessions. For numerous reasons described below we are heading for another job loss recovery.
If the pattern holds, unemployment will rise until 2011 or beyond. Moreover, take a look at the first chart again. Odds of a double dip recession similar to 1980-1982 are high after whatever inventory rebuilding and bottom fishing in housing ends.
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