Prepare for the "worst case"

[Ghost of Cutten]

Quote from rmorse:

If your still part of the millions that lost their jobs recently, the old recession has not ended yet. Current underemployment data does not take into account those that have given up, retired young because they could not find a job or the vast number of graduating college students that either never found a job so are not initiated to unemployment, or the group of graduates that stayed in school to further their education because they could not find one. More school, more debt, still feeling hopeless.

Except none of that has anything to do with the definition of 'recession', which is 2 consecutive quarters of falling GDP.

The best way to address unemployment is to make it easier to start and expand businesses, to make it easier to hire people and to pay them the going rate for the job. With so much government regulation interfering with those 4 job-creating processes, it's no surprise it takes so long after a recession for the jobless rate to fall.