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(Economix Blog) Catherine Rampell–Is This Really the Worst Economic Recovery Since the Depression?
Economists often assert that we are in the worst recovery since the Great Depression. Are we?
Not technically, but it’s still unusually bad.
Certainly the economy is in an abysmal state, and we still have about five million fewer jobs than we had when the recession began in December 2007. But the level of economic activity is so low chiefly because the recession itself was so severe; indeed, on many economic indicators, the Great Recession was the deepest (and longest) downturn since the Great Depression.
Read it all and examine the graphic.