IDAHO FALLS, Idaho -- While unemployment numbers in eastern Idaho show signs of recovery, the housing industry where the recession started is looking more grim.

A recently released national report by Moody’s Economy.com suggests Idaho Falls may be in danger of a double-dip recession, but the unemployment numbers show no sign that the economy is getting worse.

"It's a slow pace, definitely, and were not out of the woods yet, by any means,” the president of the Idaho Falls Chamber of Commerce, Rob Chiles, said. “But I think we are fairing better than most people in the rest of the state and most people in the country, in my mind."

Idaho Falls has an unemployment rate of 7.5 percent,ot better then the state of Idaho’s average at 8.8 percent and the national average of 9.5 percent.

Chiles said those numbers look promising for the future of Idaho Falls.

"There's still all kinds of other projects going on around the community that will not allow us to go into a double-dip recession,” Chiles said.

While some projects like the Snake River Landing housing development have started to go up this summer, the local real estate business has only gone down.

President of the Idaho Falls Association of Realtors, Jackie Kennedy, said homes sales have slowed down this quarter to almost half of what they were last year at this time.

"Usually this should be our best time of the year to sell homes and there are very, very few sales,” Kennedy said.

Kennedy also mentioned the market is so slow they've lost more than 100 agents in the area.

"We all wake up every morning and hope today is the day but I think it’s going to be a while longer yet," Kennedy said.

While the housing industry doesn't look to be on the rebound, regional economist for the Idaho Department of Labor Will Jenson said Idaho Falls unemployment numbers are improving.

"We have seen unemployment rates increase recently, but they're increasing at a decreasing rate,” Jenson said.

Only time will tell if we are headed into a double-dip recession, the experts said.

"But we haven't seen significant drops yet, so how could we say that the first recession is completely over and we're headed for a double dip,” Kennedy said.

Over the last three years, September has had the highest unemployment rate while November has the lowest, so don't be alarmed to see slightly higher unemployment numbers next month.

Jenson said many of those jobs lost in the recession were construction jobs, but many will come back with Areva hiring nearly 1,000 workers next year.