No miracle cure
Bucking up this recovery is harder than it was in the past
How does this compare with other recoveries of recent decades? Output has grown 6.7% since the recession’s official end in June 2009, and employment is up 2.1%. That is a shadow of the rebound of the early 1980s, when real output grew 18.5% in the first three years of recovery and employment soared by 11.1% (see chart). But no recovery since has been anything like as strong as that. On employment, Mr Obama’s recovery is more robust than his predecessor’s, though there are many more jobless workers now to soak up.
Read it at The Economist: