Recovery from Current Recession Far Slower than Normal
Created on July 5, 2011
1980 –6.4% –5.0%
Percentage Change in Payroll Employment
Months Since Start of Recession
Payroll employment today is 5 percent lower than it was before the recession began 41 months ago. That places the current economic recovery far below all other recessions dating back to the 1960s.
Chart 1 • WM 3307
1970 1981–1982 1973 1960–1961 1990–1991 2001 2008–2009
Source: U.S. Department of Labor, Bureau of Labor Statistics/Haver Analytics. Figures are for nonfarm payrolls and exclude temporary census workers.