There may be some signs the economy is flattening out. The markets have recovered from its March lows. Some companies are announcing earnings or less losses than expected. For businesses some are starting to not panic as much. All else equal, business may be slow but it's probably to the extent that it doesn't decline further overall.
The jarring reality is that unemployment keeps rising. The employment rate usually recovers after the economy turns around. Okun's law says a 2.0% growth in the GDP translates to about a 1% reduction in unemployment.
With nationwide unemployment at around 8.5%, to try to reduce the unemployment rate to a 'natural' 5% rate the annual GDP needs to grow about 7%. That requires a lot of growth especially when growth is actually negative. Something to consider is that our economy used to grow about 3% year on average.
To fully recover from this Great Recession would easily require at least 2 years from the time we stop bleeding, and we haven't stopped bleeding yet.
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