All numbers point to the fact that U.S. recession ended in July. Yesterday, Fed Chairman Ben Bernanke said that the recession is likely over. Unemployment rate is still high, but with all the euphoria about rebound, companies may start their hiring aggressively. We may see the decent employment rate by Q1 2010.
In a related news, Federal Reserve said today that output at the nation’s factories, mines and utilities rose 0.8 percent in August. Economists surveyed by Thomson Reuters expected a 0.6 percent increase. Last month’s gain marked the second straight increase which is another good news in this economy.
Related Link: U.S. Industrial Production better than expected
Our home business was really affected by the Economic recession, we have to cut jobs just to cover up our losses. fortunately, we have already recovered. “
economic recession is always a bad part of history, we must avoid it at all cost`”,
ecomonic recessions could really mess up great economies~:`