Answering yes, if faintly, are several indicators, including a slowing pace of layoffs, a slowing pace of manufacturing contraction, etc., along with the prognostications of economists, labor analysts, etc.
But, note that those just indicate recovery seems to be around the corner. They don’t say it’s here yet.
Answering no, or at least, that the corner is at the end of the next block, is a still-rising unemployment rate, expected to hit 9.6 percent. And, some analysts still think it could eventually break the post-World War II high of 10.8 percent.
And, now, later today, both the NYT and the WSJ note that the June unemployment picture was not good.
Take note, though, we’re not there yet, so, this still isn’t yet the worst recession in post-World War II history. Besides, that one, from 1980-82, had a kick-start with the second oil embargo.
Internationally, the Eurozone supports the positive, Japan supports the negative.
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