Great Recession Job Losses Build Up

Job losses during the Great Recession have been huge and they’re about to get bigger. The labor department is also expected to release figures showing that the jobs shed during the recession are over 8 million. Check out this chart we pulled down showing Post WWII Recessions.

The new data will help illustrate the scope of the jobs crisis. Analysts think the economy might generate 1 million to 2 million jobs this year. And they say it will take at least three to four years for the job market to return to anything like normal. That takes us all the way out to 2014 before we see significant job growth.