"...the last (and only previous) time ...the US unemployment rate dropped from 10% to 6.6%, [was from June 1983 to December 1986]

"...US unemployment dropped from 10.1% to 6.6% between June 1983 and December 1986:

an interval of 43 months.

US unemployment dropped from 10.0% to 6.6% between October 2009 and January 2014:

an interval of 52 months.
.
.
...despite the US workforce being over 30% larger today than it was 28 years ago, it took far less actual jobs created to drop the unemployment rate by 3.4%.

On July 1, 1986, there were 240.13 million Americans

 

On July 1, 2013, there were 316.16 million Americans

 

There were 76.03 million fewer Americans in 1986.

...the [1980's] Recovery" resulted in the creation of 10.5 million jobs,

[this] Recovery" achieved the same low unemployment rate with only 7.5 million jobs added.

10.5 / 240.13 = 4.37% increase in employment

 

7.5 / 316.16 = 2.37% increase in employment

...[This] recovery has resulted in just 145K job additions on average per month while the unemployment rate has dipped from 10.0% to 6.6%, compared to ...244K - ...that marked the 1983-1986 period.

...[This] Recovery has somehow only managed to add a paltry 1.7 million people to the workforce: from 153.8 million to 155.5 million...

 

1.7 / 153.8 = 1.1% increase in the workforce

...Americans ...are less incentivized to work more [for less, or have gone on Social Security etc...].

..."[Sometimes], it is more lucrative to sit, do nothing, and collect various welfare entitlements, than to work"

...the "real" unemployment rate in October 2009 was 11.2%.

Where is it now?

11.1%."

http://www.zerohedge.com/news/2014-02-08/what-happened-last-time-unemployment-rate-dropped-much

I believe there was no organic recovery.

There was/is printed money, hope, manipulated markets, price controls and propaganda.

Artificially imposed stability seems to have created higher levels of uncontrolled instability.

We are pushing harder on the "string" that is what we want the world to be, as opposed to what actually is, than the "string" has ever been pushed.

In my view, we are closer to snap time than ever before in this cycle.

Our nations elders have lied and stolen from our children and theirs, and have not been held accountable.