Here is your lost decade
The recession started at the end of 2007. Well, the International Monetary Fund thinks things will stay bleak for years on end:
Note the unemployment rate. While 5.6 percent is a lot better than today’s 9.1 percent rate, it is a) way above the 4.4 percent low-point of the George W. Bush administration, and b) is almost surely based off a shrunken workforce. I would like to hear the IMF’s take on the broader U-6 rate.