Reply #28: The report doesn't show anything unusual.

[Statistical]

Unemployment will likely rise until Summer 2010 (based on previous recessions).

As unemployment rises and people run out of benefits they lose that source of income. Unemployment insurance is a source of personal income so.

1) Full income -> unemployment insurance = reduction in personal income.
2) Unemployment insurance -> nothing = further reduction in personal income.

So there isn't anything SHOCKING about the report.

The recession ended. A recession is a technical term just like Bankruptcy, Marriage or a Contract.

It has a very specific definition:
2 consecutive qtrs of negative GDP growth. We have three Q4-2008, Q1-2009, Q2-2009.

A recession ends when GDP turns positive which happened in Q3-2009.

No recession DOES NOT mean no problems with the economy however history books will record the recession of 2008/2009 having lasted from Q4-2008 to Q2-2009.