Consider the losses in non-farm payrolls.
- 2.0 million jobs lost in the last three months--the worst since the demobilization from World War II in 1945;
- 4.2 million jobs lost in the last 12 months--the biggest loss ever recorded;
- 1.5 percent of jobs lost in three months--the worst quarterly loss since February 1975, and
- 3.0 percent of jobs lost in the last 12 months--the worst since August 1958.
- a 3.1 percent decrease in the level of household employment--the worst decline ever recorded;
- an employment to population percentage of 60.3 percent--the lowest in 20 years;
- a continuation of the annual decline in the employment-to-population ratio at 3.8 percent--the worst since 1975;
- unemployment at 8.1 percent--the highest in 25 years (December 1983), and
- a 3.7 percentage point increase in unemployment--the biggest jump in 33 years (May 1975).