Economic panel declares recession over

NEW BRUNSWICK - The National Bureau of Economic Research has announced that the recession officially ended in June 2009.

The non-profit organization says the recession lasted 18 months, making it the longest recession since World War II.

Many New Jersey residents say they disagree with the announcement and that they still feel the effects of the recession today.

Economist James W. Hughes, of Rutgers University, says the group that determines when recessions begin and end does so based on national data such as the gross domestic product, employment and income. He says the official end to the recession doesn't mean an end to the economic problems that came along with it.

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