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