
It may surprise you to learn that job losses in the most recent decade ending February 2011 are reasonably comparable to the job losses from 1929-1939. Moreover, if we exclude government and "quasi- government" jobs, the latest decade is the worse ever, by far.Please consider A Decade of Labor Market Pain by Mike Mandel.In February 2001, nonfarm payrolls hit their business cycle peak of 132.5 million....