What this recession has done to employment

I still encounter people who think this recession "hasn't been that bad" and that the "media" are simply over-reporting it.  Well, the blog CalculatedRISK has a graph (click on "Graph Galleries" at the top of the page) that provides us with a pretty clear picture of what has happened to unemployment in this recession.  Here's the graph (click on it to enlarge it).  The graph shows the percent of job losses relative to the peak employment month vs. the number of months since peak employment for the recessions that have occurred since WWII.  Yes, the red line is the current recession.  I'm not sure how you could "over-report" this.