The National Bureau of Economic Research announced that the recession ended in June 2009, over a year ago. This recession was the longest since World War II, coming in at 18 months. Of course, many of us who are still suffering from the aftereffects of the recession are still skeptical; no magical solution has arrived yet, and no magical solution will arrive anytime soon. Unemployment rates are still high and will remain high for quite some time. While I hate to throw around these statistics due to not being to read through the methodology, 1 in 7 Americans live in poverty, with all of the top five poorest states being in the South and Southwest. Employers who are hiring still prefer local candidates even more than usual, and when people can’t afford to move to a new place to get that dream job, people are stuck in their old places and are stuck in a place where chasing their dreams becomes more difficult. The current state of the economy has made everyone more miserable.
You can bet the politicians will have a field day with this, though. After all, recession has technically been over for a year, right? Shouldn’t that mean the magic anti-recession button should have been pushed by now? If only that were the case.