Unemployment Trends Since 1989: Really, Really Bad

New unemployment numbers this morning saw 637,000 new initial jobless claims last week. The number of people collecting unemployment nationally is now at 6.56 million. Disturbing: the number of those who are "long-term" unemployed (perhaps briefly) surpassed the number of short-term unemployed. These numbers do not include those of us who are working part-time, or have given up on filing for unemployment. But what does the jobs and income situation look like in context of the last twenty years? The last twenty years of employment, through April 1, 2009, expressed as percent change year-to-year.
