In the article "Economy Perked up this Summer" written by Annalyn Kurtz on November 7th, 2013 obviously talks about the economy doing better. The economic activity rose 2.8% in the third quarter., the strongest growth in a year. Business built up their inventories while the consumers spending increased along with the real estate. The federal budget held back the growth for fourth quarter. State and local governments ramped up their spending enough to compensate for federal cuts. They say it does not reflect the government shut down from what they have seen. The economy is trying to run more fast paced but things keep coming up. The 2.8% is still not enough to bring down the unemployment number enough. They hope for about a 3% rate each year to somewhat bring down the unemployment rate. At the end of September 11.3 million people said they could not find work, a 7.2% unemployment rate.
http://money.cnn.com/2013/11/07/news/economy/gdp-summer/index.html?iid=SF_E_Lead
It is a relief that the economy is improving. I hope unemployment does too. They are in a difficult situation.
ReplyDeleteIts awesome that the economy can still grow despite the conditions of the government but unemployment is still a large issue and must be dealt with
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