The Recession River Is Wide
If we are in the bottom of the recession river, it is much wider than most folks thought it might be. The recovery is taking longer that the economists thought and the unemployed hoped for.
We have shown you info from this report several times in the past year. It comes from the Bureau of Labor Statistics and tracks the recovery from the current recession compared to the last 4 downturns. Already they have stated that this is the worst recession since WWII in the 1940s and that it seems to be going on longer that the previous ones. We like the comparisons since this gives us and you an overview of the trends, this might also give us an indication as to when we will be out of recovery mode and into the growth mode.