Chart of the Day: It's a Recession Everywhere

Moneybox
A blog about business and economics.
Dec. 21 2011 2:37 PM

Chart of the Day: It's a Recession Everywhere

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Here from the Economic Policy Institute's year-end chart pack is a great illustration of the across the board nature of the recession.

Different sectors look very different from one another, but they're all in recession. We're not seeing a transition out of some sectors and into others, with elevated unemployment happening because the transition is slow. Instead we're seeing a transition out of all sectors and into the ultra-low-productivity unemployment sector.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

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