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Economic Growth To Remain Slow In 2011

Last updated on Thursday, November 4, 2010

(BLOOMINGTON, IN) - Economic growth will remain sluggish into 2011 as companies remain hesitant to add jobs.

That's according to Indiana University economists who released their annual forecast today.

The private sector lost more than 7 million jobs during the recession, which many economists say ended in June 2009.

The number of unemployed has continued to grow since.

Still, Jerry Conover, Director of I.U.'s Business Research Center, expects Indiana to add jobs next year.

The Hoosier State ranks fifth nationally in terms of job growth in 2010 and has regained about 18% of the jobs it lost.

Most of the gains have been in private education and health care services, as well as in public-sector employment.

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