The chart in this visualization appropriately shows that, five years since the end of the Great Recession, how the American the economy has regained the total of nine million jobs it had lost during the economic recession. The major part of this economic recovery was that not all industries recovered the lost jobs equally. Each trend line below shows how the number of jobs changed for a particular industry over the past 10 years. The claim of this visualization is that how the recession reshaped the nation’s job market, industry by industry.
Overview of the visualization
- The creator of this visualization has categorized the jobs as per industry.
- The legend in the plot appropriately shows the consequences of the jobs for about a decade. It has covered a vast range of jobs that were recovered and grown, jobs that were recovered to jobs that were declined due to a recession.
- The X-axis shows the change in wages by industry and the Y-axis shows the change in the number of jobs since recession by industry.
- The line plots accurately do this explosion thing showing breakdowns and highlights in the data.
- On scrolling down, we get to see charts showing the trend of the job market by industry. The creator has drilled down to show the underlying information in detail and each chart shows that whether particular jobs of an industry have recovered and grown or only recovered or declined etc. Each chart shows the number of current jobs and the average salary for that job. On hovering over the line chart we get to see a number of current jobs and average salary changing as per the time period.
Conclusion
The created visualization follows the following principle of the visualization
- Overview first
- Function First, Form Second
Charts like this is helpful to predict the next financial crisis and build programs for recovering economy.
Reference – https://www.nytimes.com/interactive/2014/06/05/upshot/how-the-recession-reshaped-the-economy-in-255-charts.html