Slowly, Slowly…

By July 6, 2010Economy

From AP, an analysis, “Economic stress is easing more slowly“:

WASHINGTON — Two-thirds of U.S. counties became economically healthier in May, thanks to more manufacturing jobs in the Midwest and fewer home foreclosures in the Sun Belt, according to The Associated Press’ monthly analysis of conditions around the country.

Yet the improvement appeared to slow in May compared with April, the AP’s Economic Stress Index shows. And concerns are arising that the nation’s recovery is losing momentum….[snip]

“As the government’s stimulus winds down and as long as the labor market remains weak, an acceleration in the economy is probably not in the cards,” said David Huether, chief economist at the National Association of Manufacturers. “If I were a betting man, I’d bet the economy won’t double dip into recession, but it will grow at a much slower pace.”

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