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AP analysis: Economic pain eases in hard-hit areas [View All]

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NJmaverick Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-10 08:06 AM
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AP analysis: Economic pain eases in hard-hit areas
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Source: Associated Press

WASHINGTON Economic stress declined in the nation's most troubled areas in February as unemployment stabilized and the pace of foreclosures eased, according to The Associated Press' monthly analysis of conditions in more than 3,100 U.S. counties.
After peaking in January, economic stress dipped in February in half the states and half the 3,141 counties.
"We are not out of the woods yet, and there are still a lot of things that could go wrong, but things are improving," said David Wyss, chief economist at Standard & Poor's in New York.
The AP's Economic Stress Index found the average county's score in February was 11.8. That was down slightly from January's reading of 11.9, the highest average county score since the AP started publishing the index nearly a year ago. The reading in December was 10.8, the previous high.

Read more: http://news.yahoo.com/s/ap/20100413/ap_on_bi_ge/us_stre... ;_ylt=Apq5DmD9ZscZ6E0ULSWm4gms0NUE;_ylu=X3oDMTFmMjljczFqBHBvcwMxMDEEc2VjA2FjY29yZGlvbl9idXNpbmVzcwRzbGsDYXBhbmFseXNpc2Vj
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