U.S. Economy Quickens Its Pace
The U.S. economy had a bit of a pickup during this year’s third quarter, showing growth of 2 percent in an ever-so-slight acceleration toward economic improvement. Meanwhile, the housing market remains limp and high unemployment recalcitrantly hovers at 9.6 percent. —JCL The BBC: The US economy grew at an annualised rate of 2% in the July-to-September period, an acceleration on the previous quarter, official figures have shown. The expansion came despite continuing high unemployment and weakness in the housing market. The 2% figure is an improvement on the upwardly revised 1.7% increase between April and June, but less than the 3.7% growth recorded from January to March. Read more Related Entries October 29, 2010 Obama on ‘The Daily Show’ October 28, 2010 It’s the Stupidity, Stupid
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U.S. Economy Quickens Its Pace
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on October 29, 2010. Filed under