Chart Of The Day, Ctd

Leonhardt's fascinating column is reverberating. My thoughts here. Felix Salmon summarizes:

In 2008, only 13.2% of the labor force was unemployed at some point. That compares to 18.1% in 1980, and 22% in 1982.
Real wages, which normally fall during recessions, have risen in this one. Even nominal wages are up.
The mancession is over: "male employment has risen by almost one million this year, while female employment has fallen by 300,000″.

Salmon still finds cause for concern:

The problem is...