Several important reports support the economic consensus that the recession is ending. Despite many encouraging numbers the fact remains that people are struggling.

Unemployment continues to grow. As recent Bureau of Labor report show, even for many who are working, real income is down.

The Bureau of Labor reported today, "Since reaching a high point in December 2008, real average weekly earnings have fallen by 1.9 percent."

Loss of jobs and loss of income will make it difficult for consumer spending to drive the recovery.

Federal Reserve Chief Bernanke today shifted focus towards the budget deficit, but also for the world economies, especially China, to push for greater trade balance. If the US consumer is not in a strong position to increase personal spending, then Bernanke suggested it is necessary for other nations to "boost consumption."

He is looking for the world economies to develop more of a balanced trade as one of the requirements to avoid future world financial crises.