Reply #20: Losing Hope About a Recovery

[Pale Blue Dot]

When will the economy begin to recover? The National Bureau of Economic Research’s Business Cycle Dating Committee says the recovery began in June 2009, but unemployed Americans beg to differ:



That pie chart is from a new report from Rutgers’s Heldrich Center for Workforce Development, which has periodically resurveyed the same group of American workers who were unemployed at some point in the year after the financial crisis hit (and many of whom are still unemployed). In November 2010, the center asked these workers when the economy would “begin to recover.”

http://economix.blogs.nytimes.com/2010/12/21/losing-hope-about-a-recovery/?hp