3 Gloomy Reports Have Silver Lining

Summary


WASHINGTON (AP) - Housing construction unexpectedly plunged, the number of people receiving jobless benefits grew and JPMorgan Chase & Co. said its first-quarter profit dropped compared with last year.

That was the bad news. But those same reports Thursday included some silver linings suggesting the recession might be easing.

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3 Gloomy Reports Have Silver Lining

The pace of new-home construction seems

to be nearing a bottom. First-time jobless benefit claims fell mo...

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