[Mick]

People have argued about the shape of the recovery, but more and more this looks like the "backwards square root sign", where a big drop in employment is followed by a significant, but incomplete, recovery followed by slow improvement.  And that is pending the third wave of COVID, which could send the recovery into a second dip.

BC

That certainly happened in the last recession.  Despite experiencing the lowest interest rates possible outside of negative interest (7 years the Fed held their basic rate at 0.25%, only lifting it in Obama's 8th year), President Obama had very slow improvement both of the economy in general and (even slower) return to employment.

[Mick]

People have argued about the shape of the recovery, but more and more this looks like the "backwards square root sign", where a big drop in employment is followed by a significant, but incomplete, recovery followed by slow improvement.  And that is pending the third wave of COVID, which could send the recovery into a second dip.

BC

That certainly happened in the last recession.  Despite experiencing the lowest interest rates possible outside of negative interest (7 years the Fed held their basic rate at 0.25%, only lifting it in Obama's 8th year), President Obama had very slow improvement both of the economy in general and (even slower) return to employment.