A Painfully Slow Recovery

2012 unemployment forecasts are not so good:

The forecast for GDP growth this year is 3.4 percent, followed by 2.4
percent in 2011 and 2.8 percent in 2012, well below the 5.0 percent
growth of previous recoveries and even a bit below the 3.0 percent
long-term normal growth. With this weak economic growth comes a weak
labor market, and unemployment slowly declines to 8.6 percent by 2012.

Weekly unemployment claims chart from Calculated Risk.

(Hat tip: Drum)

Unemployment - Labour ...