September 11, 2009
Two ways to look at job lossesJustin Fox took a wonderful jab at a chart that Nancy Pelosi's office posted about the current recession. The Pelosi chart below makes it look like the sky is falling, but it looks at the data in terms of total job losses.
Justin did a great job of creating a different, perhaps more realistic, comparison of the current recession to past recessions by looking at job losses as a percent decline.
What an incredible difference if you just look at the data slightly differently.
It's kind of scary that there isn't someone in Pelosi's office that would know to at least consider looking at the data as a percent decline. This spins the data in a more positive light, or maybe I should say, a less negative light.
Read Justin's full post here.