Many Americans are asking the question today of have we reached the bottom of the economic recession. Private economic analyst Bill Watkins is sounding more optimistic: “We ran our model a couple of weeks ago and for the first time in a couple of years, we are not forecasting net job losses in the United States for any quarter.” Watkins says we seem to be past the worst losses. He believes that the recovery is here, but it's very soft and it may not feel like much of a recovery. Watkins is the Director for the Center for Economic Research and Forecasting. He will be back in Bend for his third annual Central Oregon Economic Forecast January 27th.