I read in the local rag that many economists now fear that the recovery is bogging down. They point to the recently stagnant 9.5% unemployment and that created jobs are typically low paying.
As for low paying, that's not surprising when the supply is much larger than the demand.
And then I'd like to know how they define "recovery"? To me recovery is when unemployment drops (actual unemployment), pay rates increase, and more jobs become available than the rate of population increase. As far as I can tell we've never come close to starting a recovery. Apparently I'm wrong about that.
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