The Historic U.S. Job Losses in Perspective #Infographic - Visualistan

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The Historic U.S. Job Losses in Perspective
When recessions hit, it’s not unusual to see millions of jobs lost. Such episodes are a regular part of the business cycle and when they occur, most businesses do their best to tough things out. Then, as time progresses, it gradually becomes clear that spending must be curtailed, budget cuts must be made, and workers must, unfortunately, be sent home.

This economic process normally takes months, or even years, to unwind.

But, the COVID-19 pandemic has thrown a wrench into the economic status quo, creating a situation that is incomparable to any previous downturn. Instead of a gradual economic transition to slower growth prospects, business operations have suddenly screeched to a halt with no clear window to resume.

The Historic U.S. Job Losses in Perspective
Infographic by: www.visualcapitalist.com

Share This Infographic On Your Site

The Historic U.S. Job Losses in Perspective #Infographic

The Historic U.S. Job Losses in Perspective
When recessions hit, it’s not unusual to see millions of jobs lost. Such episodes are a regular part of the business cycle and when they occur, most businesses do their best to tough things out. Then, as time progresses, it gradually becomes clear that spending must be curtailed, budget cuts must be made, and workers must, unfortunately, be sent home.

This economic process normally takes months, or even years, to unwind.

But, the COVID-19 pandemic has thrown a wrench into the economic status quo, creating a situation that is incomparable to any previous downturn. Instead of a gradual economic transition to slower growth prospects, business operations have suddenly screeched to a halt with no clear window to resume.

The Historic U.S. Job Losses in Perspective
Infographic by: www.visualcapitalist.com

Share This Infographic On Your Site

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