http://viableopposition.blogspot.ca/2013/09/persistent-unemployment-new-norm.html
It's quite apparent, despite the
Fed's assurances otherwise, that this recovery has been a particularly tough
one if you are an unemployed or underemployed American. This recovery has
felt far different than most of the recoveries that many of us have experienced
throughout the past few decades. A recent study by the Brookings Panel on
Economic Activity suggests that this may well be the new norm in their paper
"Amerisclerosis? The Puzzle of Rising U.S.
Unemployment Persistence" and that the post-Great Recession
economy is simply following a pattern that was established after the previous
two recessions where the recovery in employment follows a prolonged and
somewhat flattened shape rather than the more traditional "V" shape
experienced in the 1950s, 1960s, 1970s and early 1980s as you can see in this graphic:
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