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Recovery from Current Recession Much Slower than Normal

Created on September 1, 2011

Recovery from Current Recession Much Slower than Normal

Recovery from Current Recession Much Slower than Normal

–4.9%

–4.9%

–6.4%

1980

–6.4%

1980

Percentage Change in Payroll Employment

RECESSION

Months Since Start of Recession

Payroll employment today is 4.9 percent lower than it was before the recession began 43 months ago.

That places the current economic recovery far below all other recessions since the 1960s. B 2602  Chart 2 •heritage.org19701981–198219731960–19611990–199120012008–200942 months36 months30 months24 months18 months12 months6 months1 monthSource: U.S. Department of Labor, Bureau of Labor Statistics / Haver Analytics. Figures are for nonfarm payrolls and exclude temporary Census workers.