GDP is well below the long term trendline. Bad enough, but in previous recessions (before 2002) GDP always recovered to the trendline by growing faster than normal for several years. Not only isn't GDP recovering, it's getting further away, because it's not even hitting 3% consistently.
If all we can get is 2.5% GDP, that's bad news. Lots of slack in the economy that will never be used.
Recent: What Recovery? The Great Recession Is Still With Us, New Study Finds | Zero Hedge
What Recovery? The Great Recession Is Still With Us, New Study Fin...
Here is the most important chart I have seen in some months now. The chart shows the 'new normal' post-2007 crisis in terms of per capita real GDP for the U.S.
Family supportable job growth has been limited to a few cities with thriving economies in high tech or finance. They typically hire graduates who have top grades from elite universities, while the rest of the country languishes with high unemployment rates.