[widebody911]

In this way I'd say any announcement of "recovery" is way premature and conditional on a turnaround in unemployment within a few months of the other indicators - otherwise the "recovery" will stall and probably even reverse.

I'll go as far as to say we never truly recovered from the 2000 recession. Sure, a lot of 'jobs' were created in the RE bubble, but a lot of those jobs were 'parasitic' in nature - RE agents, loan processors, mortgage brokers, telephone sanitizers, mortgage call center boiler rooms, etc. Yes, a lot of construction jobs were created, which were also filled by a lot of illegals.