How Bad Is It?

[flpoljunkie]

How Bad Is It?
Posted by Karen Tumulty

This bad, House Speaker Nancy Pelosi's office shows us: Click on the link below to see Nancy Pelosi's Chart!

http://swampland.blogs.time.com/2009/02/06/how-bad-is-it/

The blue line shows job losses in the 1990 recession; the red line is 2001, and the green line is the path we are on now.

UPDATE: To clarify, these are not projections. This is actual job-loss data.*

Pelosi's office explains:

This chart compares the job loss so far in this recession to job losses in the 1990-1991 recession and the 2001 recession -- showing how dramatic and unprecedented the job loss over the last 13 months has been. Over the last 13 months, our economy has lost a total of 3.6 million jobs – and continuing job losses in the next few months are predicted.

By comparison, we lost a total of 1.6 million jobs in the 1990-1991 recession, before the economy began turning around and jobs began increasing; and we lost a total of 2.7 million jobs in the 2001 recession, before the economy began turning around and jobs began increasing.

*Pelosi's office says they used Bureau of Labor Statistics numbers.