We might be out of recession already. The recovery could be more vigorous than earlier anticipated.
The small but consistent decreases in the past three-month period certainly point to a second-half economic performance less robust than in the first half of 2000. With employment and income still rising, there will be growth, but not at the pace set earlier in the year.
It's probably just some reversal of earlier losses. I'm not sure that it's anything more fundamental than that, although its pretty encouraging.