YOY % Change in U3 and TNF for the last 5 recessions TNF = Total Non Farm Employees
100.0% 80.0% 60.0% 40.0% 20.0% 0.0%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
-20.0%
Months
-40.0% -60.0%
TNF1974 U3 1981
TNF1981 U3 1991
TNF1991 U3 2000
TNF2001 U3 2008
TNF2008
U3 1974
U3 Seasonally Adjusted Projection based on economic recovery in 3Q09 12 11 10 8 7 6 5 Jun-10
May-10
Apr-10
Mar-10
Feb-10
Jan-10
Dec-09
Nov-09
Oct-09
Sep-09
Aug-09
Jul-09
Jun-09
May-09
Apr-09
Mar-09
Feb-09
Jan-09
Dec-08
Nov-08
Oct-08
Sep-08
Aug-08
Jul-08
Jun-08
May-08
4 Apr-08
% U3
9