The official declarer of such things has announced that the Great Recession is over, and it ended in Jun 2009. So why doesn’t it feel that way?
Well, the National Bureau of Economic Research committee took pains to note that announcing the end date of the recession only means identifying the point at which it stopped getting worse. So, a long part of the recovery is going to feel and look exactly like what happened on the way down, except getting gradually better instead of gradually worse.
Bust out the muffled noisemakers.
Business Cycle Dating Committee [National Bureau of Economic Research]