It is not recovering. Where do you live?
I work with hundreds of employers and they are still in layoff mode and will not hire due to the DC/Obama crap.
A UCLA prof gave an interesting talk on the so-called “recovery” on one of Kudlow’s shows this past summer. He had concluded that that the recovery ended in the middle of 2010.
Normally, the economy grows at much higher than normal rates immediately after a recession bottoms out (as happened after March, 2009, when the market decided that there was no longer a systematic risk to our big banks). But, he said that the recovery ended in the middle of 2010, when growth rates diverged below the economic trend line. (by his definition, a recovery means that we are growing faster than “the growth trend line”. )
At the time of this show, the growth rate was 1.5% (Bernanke’s QE-2 had just ended). He predicted that the growth rates would rise to 2.5% (as as it has), but that a true recovery would require growth greater than 5%.
We can’t get there from here IMHO, until we get rid of the EPA and rebuild our manufacturing economy . Until we fix these structural problems, we are not in a recovery and we are not even in a recession. We are in a depression.