What have you always wondered about the economy? Tell us
My Two Cents

Job losses in perspective

Chris Farrell Feb 10, 2009

This is why we need fiscal stimulus.

Thanks to Brad Delong for the chart. It simply explains why most economists, even those distressed by the thought of fiscal stimulus or not liking aspects of the current plan, are supportive.

Since I have no idea how long the recession will last I’m less concerned about the mix of short-term and long-term spending, and most of the longer term spending projects make sense anyway.

There’s a good chance that job losses are accelerating this month.

News and information you need, from a source you trust.

In a world where it’s easier to find disinformation than real information, trustworthy journalism is critical to our democracy and our everyday lives. And you rely on Marketplace to be that objective, credible source, each and every day.

This vital work isn’t possible without you. Marketplace is sustained by our community of Investors—listeners, readers, and donors like you who believe that a free press is essential – and worth supporting.

Stand up for independent news—become a Marketplace Investor today with a donation in any amount.