Hint: After the high priests declare a recovery, isn't the curve supposed to start back up?The source for this is minneapolisfed. Go there and find the above image in interactive form, along with another interactive graph for data on a state level. Hours of fun. Just for grins, turn off all the recessions except for 1980 and 1981. Note that you get 3 years of data for each, which you would expect to overlap the second and third years of the 1981 recession, and the first 2 years of the 81. They almost do.
They call it the dismal science for a reason.
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