NBER Announces the End of the Recession that Began in December 2007

On September 20, 2010, the National Bureau of Economic Research announced that the recession that started in December 2007 ended in June 2009.  However, the end of a recession does not mean that the economy is back to full-employment, it just means that it reached bottom (i.e., through). The fact that unemployment is still high means that the recovery phase has been very slow (leave it at that for now). Please, check the source of information (http://www.nber.org/cycles/sept2010.html): "In determining that a trough occurred in June 2009, the committee did not conclude that economic conditions since that month have been favorable or that the economy has returned to operating at normal capacity. Rather, the committee determined only that the recession ended and a recovery began in that month."