Wednesday, December 10, 2008

Job Loss Data...

Over at CoyoteBlog, there's a fascinating post on the actual jobs loss data (as opposed to the overwrought hype that fills our news media).

Bottom line: the losses are real, but not even in the same class as the Great Depression, nor as bad as several other more recent recessions.

What CoyoteBlog did was simply to download and graph data that the government makes freely available to all, over the web. You'd think that somewhere, buried deep in some newsroom, there might be just one journalist who thought that getting actual information to people might be a good idea. But apparently not; that journalist I'm thinking of was probably the first one to be laid off...

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