Fed Sees Recovery Spreading Across the U.S. (msnbc.com)
The economic recovery is spreading to more parts of the country even as a growing number of people can't find full-time jobs.
The duality of the recovery is underscored in a Federal Reserve survey released Wednesday: The economy is growing, and the recovery is extending its reach geographically. Yet 27 million people are either unemployed, forced into part-time jobs or so discouraged that they've stopped looking for work.
The Fed said that while the economy is still sluggish, conditions have improved modestly. But it also said the job market in most of the Fed's 12 regions remained "soft" as the new year began.