FiveThirtyEight: Why We're Probably in For a Long Recession
Lost jobs appear to be taking longer and longer to recover with each subsequent recession. In fact, if we look at all recessions since World War II, the three most recent recessions (prior to this one) are associated with the three longest time frames for employment to return to its pre-recession peaks. The 1991 and 2001 recessions in particular were associated with so-called jobless recoveries.
