Economy Recovering, But Still Long Way to Go
From the AP Wire: Economic stress declined in March in nearly three-quarters of the nation’s 3,141 counties, according to The Associated Press’ monthly analysis of conditions around the country.
The gains were due to an improving job market in the Mid-Atlantic and Southeast and a steadying of foreclosure rates across the Sun Belt.
In 38 of the 50 states, economic distress dipped or was unchanged from February, AP’s Economic Stress Index found. Nationwide, foreclosures worsened slightly. Bankruptcy rates did, too. But those declines were offset by a better jobs picture.
The March improvement, though, belies the depth of the recession and how far the recovery still must climb, said Frank Hefner, an economist at the University of Charleston in South Carolina.
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