United States Federal Deficit Graph

As you can see in the graph the U.S. federal deficit has not been this small since 2008. This might seem surprising since 2008 was the year with all the major bank failures. Yet it is quite likely that the (long lasting) recession of 2009 created a lot more costs for the government than those bank failures. The current recovery is seen in the outlays as well as in the revenues.

NY Times

Historical Financial Crises: Percentage Job Losses From Peak

In this graph the percentage job losses from the peaks are shows for several countries during selected financial crises. Finland (1991: year of start of the contraction) saw the biggest decline in employment; almost 20 percent. Compared to Finland (and most other selected countries) the United States job market is currently not doing that bad. For Sweden of the selected countries it took the longest, during its crisis starting in 1991, for the job market the recover to pre-crisis levels, 17,8 years. 

Luxetveritas

Unprecedented Global Housing Boom

The IMF constructed this graph with housing price data from 55 countries. From 2002 and on there was a huge rise in global housing prices. The decline afterwards was also not seen in at least the last 40 years. Lately the housing prices seem to bounce back a bit, but this could be temporary as well since the house prices are still on a very high level.

IMF

UK: Current Recovery Worse than Depression

In this chart from the Guardian you can see that this recession lasted longer than any recession since the great depression, even longer than the great depression itself.

The Guardian

Why the U.S. Job Market Did Not Recover

This graph shows the employment to population ratio. In other words it shows the percentage of the population the is working. In collapsed during the crisis and didn't recover at all yet.

FED

Percent U.S. Job Losses Great Recession Compared to the Depression

In this post from April last year I already showed the great graph Calculated Risk blog makes each time new (un)employment figures for the United States are released. The current job market crisis is compared to those after the other recessions after WWII for the percent of job losses. Unfortunately there was no data available for the Great Depression. Although not a as detailed as the other graph Calculated Risk was recently able to construct a graph comparing the current crisis with the Depression. It is not as detailed because only yearly estimates are available for the depression. You can see that the current recession is by far not as severe as the Great Depression.

Calculated Risk

Economies of UK, US and EZ since Pre-Crisis Peak

In this graph from Markit you can see how the economies of the Untied States, the Euro Zone and the United Kingdom have performed since their pre-crisis peak. As you can see only the United States has reached its pre-crisis peak (2007, 4th quarter), 15 quarters after the crisis started. The Eurzone and the U.K. had their peak in the first quarter of 2008. The Eurozone is well on its way with currently only two percent below its pre-crisis peak. The United Kingdom is still relatively far away.

3 Charts: How Have The Big Banks Changed Since 2007?

The Financial Times made three very interesting graphs about how banks changed or haven't changed since the beginning of the crisis.

The first chart shows the market capitalization of the banks. In other words what is the value of a bank on the stock market. All banks saw their market capitalization lower in 2010 compared to 2007.

The second graph compares net income in 2010 with net income in 2007. For quite some banks earnings were lower in 2010.

The last graph show the how many employees the banks have. Part of the banks have hired, other cut back in labor.

FT

Components Of US Real GDP Since 2007

This chart from Business Insider shows the components of the change in quarterly real GDP for the United States since 2007. In the last quarter personal consumption has stalled dramatically.

Business Insider