Scary labor market chart of the day

Via this item at David Altig's MacroBlog comes one of the scarier labor market charts to have crossed my computer screen in recent months. Current record highs for "permanent" job loss are right up there with other similar long-term unemployment indicators bringing into question just what kind of economic recovery might be possible from here.
David is a long-time blogger (started around the same time I did as I recall) and is now senior vice president and research director at the Atlanta Federal Reserve.