Post WWII Recession Job Recoveries (Months)

Our earlier discussion about “Job Losses in Post WWII Recessions” raised a few questions about the extent and depth of the job loss in recessions relative to population and labor pool.

He is a completely different way to visualize this: How long it took each recession to recover to the prior jobs peak.

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Post WWII Recession Job Recoveries (Months)

Are recessions taking longer to recover from? It certainly appears that way, at leatsd for the past 3 recessions. Each took longer to return to pre-recession employment levels than the prior contraction.

This version normalizes for the 2001 Outlier:

Thanks to Bill of Calculated Risk for whipping these us for us . . .

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