In response to:

Obama’s Unemployment Rate Is Stuck at 11 Percent

Marhefka Wrote: May 24, 2012 5:56 AM
Thanks. I have read most of Shedlock's articles but it wasn't clear to me that this "jiggling" was recent. Did it start with Obama? You can reply to me directly if you want: marhefka2000@yahoo.com

This latest recession started in December, 2007. Since the Great Depression 75 years ago, recessions in America have lasted an average of 10 months, with the longest previously lasting 16 months, not counting this latest spooky downturn.

The National Bureau of Economic Research, the recognized scorekeeper of when recessions start and end, declared this latest recession over in June, 2009, which would make it the longest recession since the Great Depression. But the historical precedent in America is the deeper the recession the stronger the recovery, as the American economy accelerates to return to its long term trendline. Based on...