Recessions in context

Fairly good job report, and unemployment rate continues to drop relatively steadily. Still, if you look at the chart (this recession is the red line) it's clear that we have a ways to go, and we're rebounding pretty slowly. So again - keep focus on jobs, not on slashing spending (which hurts jobs!).

Also something to keep in mind -- look at the most recent recessions in 2001 and 1990 -- those recoveries are very slow too. It's possible that just the modern economy has slower recoveries. Possibly bc of less blue collar construction/manufacturing jobs existing, so those folks don't bounce back as quickly? Something to think about.