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US home building rose in June for the third straight month, data from the US Census Bureau has revealed.
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Housing starts rose 3.6 per cent in June to an annualised rate of 582,000 units, but still well below the 1.1 million of a year ago.
Federal Reserve officials are confident the economy is about to improve despite surging unemployment levels.
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Michigan recorded the highest level of unemployment at 15.2 per cent, well above the national rate of 9.5 per cent.
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