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Old 09.03.2009
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Further evidence points to recession bottoming out
Further evidence points to recession bottoming out

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WASHINGTON — Productivity and factory orders are up as the economy continues to flash signals that the longest recession since World War II is coming to an end. However, worries remain about how durable the rebound will be given lingering problems in the labor market.

Many economists are looking for the overall economy, which has been shrinking for a year, to begin growing again in the current July-September period. But the problem is that unemployment is expected to keep rising even as the nation’s gross domestic product returns to positive territory.

The concern is that if businesses don’t switch in coming months to rehiring workers who have been laid off, consumers won’t have the ability or confidence to boost spending. Since consumers account for 70 percent of total economic activity, higher consumer spending is seen as critical to making sure any economic recovery is sustained.

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Old 09.03.2009
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Old 09.04.2009
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