The projections, by 17 top Fed leaders, suggest that a jobless recovery could be approaching — one in which the economy begins growing again in the coming months but times remain tough for American workers. The Fed leaders forecast higher unemployment rates than they had just two months earlier. At the same time, they upped their expectations for economic growth.
via Fed Says Unemployment Could Mean a Drawn-Out Recovery – washingtonpost.com.
I think it will be very difficult to achieve a long term recovery with job gains. If inflation begins in earnest, it will be short lived recovery.