An Interesting Graph of Job Gains and Losses

Slate today has an animated chart showing job losses and gains over roughly the past 2 years. I clicked through out of a kind of perverse curiosity, but found it to be far more informative than I expected. As the old saying goes, a picture is worth a thousand words, and this is no exception.

On the chart, blue areas represent net job growth and red areas represent net job losses. Watching those changes over time reveals (or to some, confirms) some very interesting patterns and trends.

The biggest thing is that this chart clearly shows a typical business cycle of gains and losses for most of 2007 and even the early part of 2008. Toward the end of 2008, however, jobs take a clear nosedive - and by November 2008, the job loss is clearly a nationwide problem.

I'm not sure it's meaningful, but I find it interesting that the worst job losses occurred after the government bailout programs were approved.