In recent weeks, new signs of an economic recovery have emerged in the
form of stock market rallies, surprisingly high bank profits, and
better-than-feared official unemployment and economic growth reports.
But accompanying these so-called green shoots is worrying evidence of a
recovery that could be compromised if not cut short altogether by high
levels of unemployment and by a long period of unusually weak and
uneven job creation. Not only is actual unemployment more severe than
is reflected in official measures, it is also concentrated in those