Economists: Recession ended last year, economy recovering

Posted: Updated:

A respected independent panel of economists has announced the recession ended in June of last year and the economy has been recovering for the past 15 months.

According to the National Bureau of Economic Research, the country is producing more goods and services. However, with the unemployment rate still hovering near 10 percent, a lot of people say they don't believe it.

The economic experts say some small businesses are hiring again, retail sales are up and banks are lending more. They say it takes time for the effects of the recovery to influence people on Main Street.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."