LogFAQs > #886182338

The recession officially ended in the second quarter of 2009,[2] but the nation's economy continued to be described as in an "economic malaise" during the second quarter of 2011, [59] and has been described as the weakest recovery since the Great Depression and World War II.[85][86] The weak economic recovery has led many to call it a "Zombie Economy", so-called because it is neither dead nor alive. Household incomes, as of August 2012, had fallen more since the end of the recession, than during the 18-month recession, falling an additional 4.8% since the end of the recession, totally to 7.2% since the December 2007 level.[87] Additionally as of September 2012, the long-term unemployment is the highest it has been since World War II,[88] and the unemployment rate peaked several months after the end of the recession (10.1% in October 2009) and was above 8% until September 2012 (7.8%) .[89][90] The Federal Reserve has kept interest rates at a historically low 0.25% since December 2008, and both heads Ben Bernanke and Janet Yellen have stated that rates should remain low through at least mid-2015 as long as the recovery is still slow and inflation remains below 2.5%.

Sounds like things were somewhat improved by 2011, and quite good by the end of 2012 or the beginning of 2013.

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