More Conflicting Economic News

Although the unemployment rate remains high across the country, especially in California, there are some signs that the recession may be easing. According to the Associated Press, the index of leading economic indicators showed that the nation experienced three straight months of growth from April through June. Seven of the Conference Board index’s ten indicators rose last month, including building permits, stock prices, and manufacturers’ new orders for consumer goods. In addition, a government report last week showed that construction of new homes had risen to the highest level in seven months.

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