The economy is still losing hundreds of thousands of jobs every month. When that stops, you'll see the bottom. We aren't there yet....
Totally agree, there is no such thing as a jobless recovery, jobless recovery's can not sustain the recovery.
Every recovery is a jobless recovery because the last thing businesses do is hire new people. Way before that they will squeeze more out of their existing workers. Then adding overtime. Then hiring temps.
I've been here before and seen this one numerous times.