Obama says economic recession recovering

U.S. President Barack Obama says the United States may be seeing the beginning of the end of the recession, saying his administration's policies helped stop the economic free fall. Obama was speaking in North Carolina to promote his health care agenda, but first took the time to address the economy. He said efforts to bailout failing banks averted collapse in the financial sector, while steps taken to help struggling car companies saved hundreds of thousands of jobs in that industry. The president said it will still take time to achieve a complete recovery. He said that during last month a decline was reported in the increasing rate of unemployment. The unemployment ration in US has reached to 9.5 percent and some 2 million jobs are abolished from February to July.