Sunday 5 February 2012

The recession isn't over: 3 out of 4 indicators are still down

GDP has just now recovered in the US but people with jobs, people's earnings and people who are making stuff have not recovered, nowhere near.  Calculated Risk strikingly displays data about GDP, personal income, industrial production and payroll. "Recovery and above" is set to 100% and only losses after the beginning of the next recession are shown. This shows at a glance if we have recovered to pre-recession levels or not.  Here are the four charts. Go to Calculated Risk to click thru to the easy-read versions.
GDP Recovery
Personal income less transfers
Industrial output
Payroll recovery

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