Summary Box: Recovery on two tracks

By The Associated Press - March 18, 2010
source: AP

A TALE OF TWO CONSUMERS: The economic recovery is proceeding at different speeds. Unemployment remains high. Yet a British automaker said Thursday it's betting on the super-rich, introducing a new $200,000 car for sale in North America.

-- A TALE OF TWO CONSUMERS: The economic recovery is proceeding at different speeds. Unemployment remains high. Yet a British automaker said Thursday it's betting on the super-rich, introducing a new $200,000 car for sale in North America.

OTHER SIGNS OF DIVIDE: Luxury retailers are seeing stronger sales gains than many mid-priced stores, while high-priced hotels are rebounding faster than budget options, analysts say.

JOBLESS ROLLS RISE: At the same time, the total number of people claiming jobless benefits rose by about 300,000 at the end of February to more than 11.2 million.

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