By Don Lee and Alejandro Lazo, Los Angeles Times
July 2, 2010
Reporting from Washington and Los Angeles —
A fresh batch of weak economic news Thursday heightened concerns about the staying power of the fledgling recovery, with more uninspiring news expected Friday when the government reports on the May job market.
FOR THE RECORD:
This article incorrectly says the government will report on the May job market Friday. It will report on the June job market.
The number of pending home sales plunged 30% in May from April, to the lowest level since at least 2001, an industry group reported Thursday, reflecting a larger-than-expected fallout from the expiration of the federal tax credit for home buyers.