Visualizing The Many Losers And Few Winners Among The 7.6 Million In Job Losses Since The Start Of The Recession
Courtesy of Tyler Durden
Since the beginning of the recession/depression there have been over 7.6 million total job losses (not just private jobs, which is all that the government is suddenly focusing on. What next: emphasizing the dramatic surge in janitors and trash collectors?). So which occupations are the biggest winners and losers over the past 33 months? Curiously, the split in job losses is spread about evenly between manufacturing and service jobs; the top two biggest absolute losers are construction and manufacturing occupations. Things are not better in services either, as the bulk of professional segments have lost hundreds of thousands, with two exceptions: healthcare and education. Of course, the one sector that has never seen cumulative job losses in the recession is the government – for state and federal employees the recession has not only ended, but it never started.
Those who wish to see the carnage across various jobs over time can do so below at the following WSJ interactive chart.