The economy is still not quite out of the recession that has been plaguing the United States for some time now, but there is a small glimmer of rebound.

Most growth can be found Nationwide with large corporations.  The small business owner is still watching penny's and not hiring.  There has only been a 3% increase in the current gross domestic product.

There has been about 10 years of zero employment and getting a small business loan is still very hard to accomplish, so small businesses are just hanging on.

Some encouraging news in Colorado Springs is that the average housing prices are better than the state’s, and retail sales are up.

In the U.S., there’s good news, as well.

After nine consecutive quarters of declines, the net assets of households has gone up for the last three quarters.

So there is more basis for consumers to be comfortable and start buying again.

Here’s the caveat. Although July of 2010 will likely be the official end of the recession, that’s hardly enough to encourage consumerism.

What are your thoughts on this topic?  Do you see a turn in our local economy?