Weather Forecast

Chris Farrell, Minnesota Public Radio chief economics correspondent tells about 200 MPR supporters Thursday night in Bemidji that the recession probably ended this summer, but that the future holds a jobless recovery. Pioneer Photo/Brad Swenson

MPR's Chris Farrell: Recession over, look for jobless recovery


Most economists agree the recession ended in July, but don't count on a quick recovery.

"We sort of teetered on the precipice of a Great Depression," Chris Farrell, Minnesota Public Radio chief economics correspondent, said Thursday night in Bemidji.

"Thanks to extraordinary efforts by the Federal Reserve, a bank bailout, an unprecedented federal stimulus, and a number of other actions and not just here but around the world, we averted a Great Depression," he said.

Are you a newspaper subscriber but you don't have a Digital Access account yet?

You will need your subscription account number and phone number. Not sure if you have an account? Email us at and we can help you.