Sunday, March 13, 2011

Comparing recessions: Hirings

The above chart shows hiring levels from JOLTS data for the past two recessions. Except for the transportation and leisure industries, hiring levels appear to be fairly similar. Here are the same charts again with each recession appearing separately.

The hiring rates show a similar pattern, including the possibility that hiring rates in construction have recovered.

Again, the charts for the separate recessions appear below:

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