Friday 25 May 2012

10 industries bouncing back

10 industries bouncing back

The 2012 presidential election could turn on voters' perception of the economic recovery. But what they see depends on which economic sectors they're looking at.
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$100 bills in grass © REB Images/Blend Images/Getty Images
Fits and starts
The government last week reported that new claims for unemployment benefits edged down, suggesting that the labor market was gaining momentum.
Initial claims for state unemployment benefits have been hovering near four-year lows over the past few weeks. The four-week moving average for new claims, considered a better measure of labor market trends, dropped to the lowest level since March 2008.
While the labor market is gaining momentum, the level of employment is still 5.8 million jobs from its level before the recent recession. It's impossible to say what a fully recovered U.S. economy will look like, or how long it will take to get there.
Meanwhile, the pace of recovery varies among sectors. Click through the following slides for a look at how industries are faring as they rebound from the worst economic downturn in decades.

More from CNBC:
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MARKET UPDATE

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[BRIEFING.COM] The S&P 500 has pushed up from the flat line to trade near the top of its morning range. Still, its gain remains only modest. ... More

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