Economy showing mixed signs - KWWL - Eastern Iowa Breaking News, Weather, Closings

Economy showing mixed signs

WATERLOO (KWWL) -- Pending home sales were up six percent in September -- the highest in three years. Experts say a tax credit helped, but it's another sign the U.S. economy is getting back into gear.

Manufacturing rose to the highest level in three and a half years, as the overall economy grew a solid three and half percent.

But there are still economic aftershocks.

Commercial lender CIT Group filed for bankruptcy, and unemployment sits at 9.8 percent.  New unemployment numbers are expected Friday.

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