Fed survey: Uneven growth across U.S.

Posted 7m ago By Jeannine Aversa, AP Economics Writer

WASHINGTON — The U.S. economy is growing unevenly, with more than half the regions of the country expanding modestly while others are struggling to grow.

A survey Wednesday by the Federal Reserve finds that seven of the Fed's 12 regions reported moderate improvements in business activity. Three regions — Philadelphia, Richmond and Cleveland — described economic activity as mixed or steady. Two regions — Atlanta and Dallas — suggested economic growth was slow.

The survey notes that the economy isn't weakening but is growing too sluggishly to drive down the high unemployment rate.

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