Current Employment Recovery Compared to Post WWII Recessions

So the jobs numbers came out this morning and we put up 120,000 new jobs and the unemployment rate dropped to 8.6% - Terrific

Here is a chart that we've posted a few times. The graph shows the job losses from the start of the employment recession. The dotted line in the middle aligns the point of maximum job losses and the red line down below represents the current job recovery when compared to former recessions.

This chart is often dubbed: The Scariest Job Chart Ever:

(Click Chart to Embiggen)

Source:

Employment Summary, Part Time Workers, and Unemployed 26 Months (CalculatedRisk)