Note that
$$(a,b) \otimes (c,d) = (a \otimes c, b \otimes d) \tag{1}$$
so
$$(1/2,1/2) \otimes (1/2,1/2) = (1/2\otimes 1/2, 1/2\otimes 1/2)$$
$$ = (1 \oplus 0, 1/2\otimes 1/2)$$
$$ = (1, 1/2\otimes 1/2) \oplus (0, 1/2\otimes 1/2)$$
$$ = (1, 1 \oplus 0) \oplus (0, 1 \oplus 0)$$
$$ = (1, 1 ) \oplus (1, 0) \oplus (0, 1 )\oplus (0,0)$$
$$ = \left[ (0, 0) \oplus (1,1) \right]\oplus \left[ (1,0) \oplus (0,1)\right]$$
It's correct and not a typo. Typically when using product representations (your example is Rarita-Schwinger without the Dirac part), you'll find a spin background that leads to extra degrees of freedom, unless you impose some conditions.
$(1/2,1/2)$ can be interpreted as the coupling of two spinors with each other $(1/2,0) \otimes (0,1/2) = (1/2,1/2)$. As thus you (might) already know that they can couple to a triplet and a spinor. In terms of dof this is $2 \otimes 2 = 3 \oplus 1$, in terms of spin this is $1/2 \otimes 1/2 = 1 \oplus 0$.
Your "raw" spin-2 field thus has the following spin contents:
$$(1 \oplus 0) \otimes (1 \oplus 0) = 1\otimes 1 \oplus 0 \otimes 1 \oplus 1 \otimes 0 \oplus 0\otimes 0$$
$$ = \underbrace{2 \oplus 1 \oplus 0}_{(1,1)} \oplus \underbrace{1 \oplus 1}_{(1,0)\oplus(0,1)} \oplus \underbrace{0}_{(0,0)}$$
So your $(1,1)$ tensor needs $5+3+1 = 9$ degrees of freedom.
It has two Lorentz indices $T_{\mu\nu}$ and thus 16 components in total. Making it symmetric means there are only $10$ independend components. Making it traceless fixes another component, thus the required $9$.
From this you can follow, that in order to have the needed $9$ dof, your tensor must be traceless and symmetric.
Your $(1,0) \oplus (0,1)$ tensor has $3+3=6$ degrees of freedom.
If you again start with a 2-index tensor $T_{\mu\nu}$ with 16 entries, antisymmetry $T_{\mu\nu}= -T_{\nu\mu}$ eliminates the diagonal (-4 indices) and poses a condition on the remaining 12 (-6 indices) leaving you with a total of 6 independent entries. The electro-magnetic fieldstrength tensor $F_{\mu\nu}$ is an example for a $(1,0)\oplus(0,1)$ tensor.