Peter Restrepo and Andrew Steiner

Recession

The United States is officially out of the longest recession since World War II, but unemployment continues to present a challenge both nationally and locally. The Business Cycle Dating Committee, a division of the National Bureau of Economic Research, announced Monday that business activity hit its lowest point in June 2009 since the recession officially began in December 2007 and that the figure has since moved out of the declining phase of the business cycle.