Submitted by Charles Hugh-Smith of OfTwoMinds blog,
The reality is that the recession never ended for 95% of U.S. households, and by many metrics the recession has deepened.
None of these charts is remotely expansionary. We can further question broad-based measures of expansion such as GDP statistically: in economies with high income/wealth inequality such as the U.S., the top 5%'s expansion of income and wealth creates an illusion that the entire workforce is doing better when the opposite is true.
(For example, household_formation)
Full-time employment: 44%
Persons per household: 2.72
Participation rate: 76% (the number of people who are counted as participating in the economy)
The reality is that the recession never ended for 95% of U.S. households, and by many metrics the recession has deepened. The trick is to not measure those metrics; what isn't measured doesn't exist, especially recession.