FRB Atlanta Believes The US Will Have A Jobless Recovery

On the Federal Reserve Bank of Atlanta Blog, "The growing case for a jobless recovery" by By David Altig, senior vice president and research director at the Atlanta Fed.

Never, in the six recessions preceding the latest one, did permanent separations account for more than 45 percent of the unemployed. The current percentage stands at 56 percent as of September and appears to be still climbing:

Of course, none of this is proof positive that we are in for a "jobless recovery," but, to me [David Altig], the odds appear to be increasing.