Here’s is Calculated Risk’s version of the scariest chart. It shows the change in employment as a percent since the peak employment near the beginning of the recession; for this recession, that’s Dec 2007. Don’t forget that the years up to 2007 weren’t particularly good as there was no net gain of jobs in spite of increasing population.

Inflation is at 2.2% which is lower then usual.

The dotted line is employment with the census workers taken out.

Employment an Recessions May 2010.jpeg