Sunday, March 8, 2009

When will the misery end?

Percentage of Jobs lost (as a percent of the employment at the beginning of the recession) and the recessions years a given below.
1.2% in 1980
1.4% in 1990
2.8% in 1974
5.2% in 1948
4.4% in 1958
3.4% in 1953
2.0% in 2001


3.1% have so far lost since in 2007 which is 4.4 million jobs of the total 142 million jobs at the start of recession in Dec 2007.

At the minimum 1.75 million (or 3 million in worst case) jobs are still to be lost before we can say that things are better.

Assuming .5 million jobs are lost in a month, that is around 6 months of job losses yet to come till Sep 2009.

That is when we will see some uptick in the market

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