Friend of the blog, Catherine Rampell of the New York Times, asked for an update on the financial crisis comparison graph, so here is the latest. The U.S. today is a little less than 1 percentage point below the level of employment at the start of the crisis. This compares favorably with the other major financial crises in recent history (plus the Great Depression). Check out Ms Rampell’s post for more or read our previous posts (2011 original, 2012 update) for much more detail on comparing these crises.
Posted by: Josh Lehner | December 6, 2013