In his inaugural address, President Obama said that “An economic recovery has begun.” It was an applause line. The line is correct of course, but it is really nothing to applaud. As economists define it, the recovery began nearly four years ago when the 2007-2009 recession ended in June 2009. So we have had a [...] View the full post at: Break the Silence on the Unemployment Problem Related posts: Unemployment Rate Hits 8.5%, the Highest Level in Nearly 26 Yrs. Roubini Sees Unemployment Rate at 11% in 2010 Are There Green Shoots, or Are There Just Weeds in the Unemployment Data?