Good Economic News

This morning we got some positive economic news. The second-quarter GDP growth rate was revised up from 1% to 1.3%. Bear in mind that Q2 began six months ago and ended three months ago.

Also, jobless claims fell sharply last week from 428,000 to 391,000. Wall Street was expecting 420,000.

Here’s a look at real GDP over the past few years. As I’ve mentioned before, the economy isn’t doing well but there’s still very little definite evidence that the economy is entering a Double Dip.

Posted by on September 29th, 2011 at 9:18 am

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