The Economy: Glimmers of Good News in GDP
Two economic reports released on Feb. 28 appeared to deliver bad news for U.S. growth prospects—at least on the surface. Fourth-quarter gross domestic product was unchanged from the initial report, leaving a still-anemic 0.6% growth rate. Also, a pop in initial jobless claims appeared to suggest that we are finally seeing the type of deterioration in this measure that would accompany a more sustained slowdown or recession in the economy.
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