It's the return to the jobless recovery. And what that means for the population groups most affectedblue collar workers, those with less education, and so onis that for years to come, work will be difficult to find and wages will lag. The recession will not end for everyone at the same time. Millions of workers will continue to struggle years after output numbers get out of the red.
The job market is still weak. The unemployment rate will easily hit 10% in the coming months. As a result, expect consumer demand to be weak. Nevertheless, the job market is marginally improved and most indication suggest this is likely a permanent but slow trend.
2006-2011 archives for The Daily Dish, featuring Andrew Sullivan