Indicators show Washington still in recession last month
Wednesday, May 29, 2002
The latest economic data indicate that Washington remained saddled with a recession in April. The state's index of leading indicators slipped last month, falling to 96.5 from 96.6 the month before, the Office of the Forecast Council said yesterday.
The year-long trend, however, is more indicative. The index slowly slipped from 99.2 last April to 96.5 last month. The decline in April represents the fifth consecutive drop in the index.
Help wanted advertising continued its fall, dropping 1.9 percent in April, the state reported.
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