The Economy isn't Getting Any Better

But of course it's by design in order to create fear in both the unemployed and those who are still employed:

One measure of the ongoing jobs crisis, which has seen the elimination of 8.4 million jobs since December 2007, is the fact that more than 11.1 million workers are claiming jobless benefits—4.6 million of whom are on state jobless rolls and 5.7 million who are receiving extended benefits from the federal government.

The government puts the official jobless total at 15.1 million workers. In testimony before the House Financial Services Committee Thursday, Federal Reserve Chairman Ben Bernanke admitted that the “unemployment situation is very weak,” with 40 percent of those officially counted as jobless having been without work for more than 6 months.

However, far from suggesting any serious job creation measures, Bernanke reiterated his call for the White House and Congress to formulate an austerity program to rein in record federal budget deficits. Such, in fact, is the policy of the Obama administration.

Obama has rejected out of hand any government job-creation programs, such as public works. In the name of “job creation,” he and congressional Democrats have proposed a series of tax breaks for business, claiming that such windfalls will revive the private sector and encourage more hiring.

If there are enough jobs being created, then and only then can the economy be considered "rebounding." This hasn't happened, and I don't expect it to happen for a long, long time.