About the issue: Economy

AP News
Posted: Oct 16, 2012 9:21 PM

The job market is brutal and the economy weak. Nearly 13 million Americans can't find work; the unemployment rate is 7.8 percent. A divided Washington has done little to ease the misery.

The economy didn't take off when the recession ended in June 2009. Growth has never been slower in the three years after a downturn. The human toll is staggering. Forty percent of the jobless, 5 million people, have been out of work six months or more — a "national crisis," according to Federal Reserve Chairman Ben Bernanke. Wages aren't keeping up with inflation.