re: #370 deranged cat

Unemployment is generally seen as a lagging indicator, but in many parts of the country, the economic news isn’t brightening - particularly as real estate continues to be a drag. Unemployment is still well above pre-recession levels, which is contributing to the real estate woes.

That’s why there’s so much talk of a double dip - that the NBER will, instead of listing as one long recession, break it out into a double dip.

It’s also important to note that some parts of the country did far worse with the recession than others (both on the economics and unemployment rates).