The correction of US-financial market proved to be short-lived
http://www.baltic-course.com/eng/analytics/?doc=19494
Since the start of this recession the economy has lost 7.2 million jobs and the trend is continuing however at a slower pace. During the best times for the economy during nineties it was generating at best 2.15 million jobs a year.
On top of it there is almost 100000 new people entering the job market monthly due to immigration and population growth.
Its going to take an enormous growth in the US economy to create millions of new jobs and bring the unemployment rate back to 5%.
This government is much more concerned about implementing their grandiose plans by borrowing enormous amounts of money.