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Don Lee
Los Angeles Times|latimes.com

WASHINGTON — After six years of a gloomy recession and shaky recovery, the U.S. economy looks poised to regain its glow next year with stronger job growth, bigger income gains for more people and a resurgence of homeowners moving up into new digs.

The overall economic outlook for the U.S. has improved sharply in recent weeks amid a string of surprisingly robust economic data: Businesses have stepped up hiring, new factory orders from abroad are at a two-year high, and consumers have been flocking to car lots and restaurants.

State and local governments that not long ago were in massive retrenchment are spending more too.

“We could see the unemployment rate down to 6 percent this time next year,” said Robert Kleinhenz, chief economist for the Los Angeles County Economic Development Corp. read more »

 
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