GDP Strong, But Jobs Data Spark Worry

While the economy remained on a steady track in the second quarter, the rise in first-time unemployment filings signals weaker job growth in August

Two economic reports released Aug. 30 illustrate the old maxim that timing is everything. While the second-quarter gross-domestic-product headline figure fell short of expectations, the mix of components of the GDP release were actually stronger than expected, leaving this report, on its own, a round of good news for the economy.

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