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Article: AP analysis: Auto industry gains boost some areas
- Article from:
- AP Online
- Article date:
- September 7, 2009
- Author:
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Signs of life in the auto industry and an easing of the housing crisis helped reduce unemployment and kept foreclosures flat in some of the nation's hardest-hit areas in July, according to The Associated Press' monthly analysis of economic stress in more than 3,100 U.S. counties.
The latest results of the AP's Economic Stress Index showed joblessness dipped in counties where temporarily closed auto-related plants resumed production in July. Foreclosure rates, meanwhile, slowed in the Sun Belt epicenters of the housing bust. Bankruptcy rates, which respond more slowly to economic shifts, rose slightly.
The average county's Stress score dipped to 10.54 in July, from 10.6 in ...