Jobless Recovery explained

Economic recovery without job creation is real, and this link explains it simply and clearly. I struggled with this topic with a friend recently and wish I had this article before I spoke with him.

While the corporate books may start to recover, the jobless rate and the impact on middle America may be much longer in the making than we are willing to admit yet. There are too many repercussions of the stimulus and artificial health created in the financial sector by supressing the interest rates for an extended period of time. Real economic growth and recovery will be under-funded because the government has taken all the money from the markets and redistributed it to failed banks and auto industies.