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Economic Report:

A record 5.8 million workers are on unemployment benefits. But White House chief economic adviser Lawrence Summers says the economic free fall may be ending. But in his remarks to the Economic Club of Washington D.C. Summers said it may take a few more months to end. He says inventories are finally dropping below the level of sales, which should cause a rise in production, Home starts, existing home sales and consumer spending have all increased slightly since January.