Kuta Beach

Kuta Beach

Wednesday, 14 January 2009

Government Jobs Seem Recession Proof

According to an article in the Wall Street Journal (Yearly Job Loss Worst Since 1945), the job losses we are seeing now are the worse since the Great Depression.

Looking at the graph provided, it looks as if construction jobs are worst affected, which makes sense given the collapse of the real estate market. Interestingly, government jobs seem to be unaffected by the recession.

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