Economy grows in 2nd quarter; 1st quarter revised.
Our first look at the 2nd quarter GDP shows robust growth of 4%. Economists were expecting around 3% and it was a significant rebound from the 1st quarter. The first quarter was also revised for a second time from a 2.9% decline last month to a less concerning 2.1% decline. If this positive number holds in revisions […]
Jobless claims lowest since the winter of ’06
First time jobless claims dipped to 284,000 to the lowest weekly number since February 2006. This appears to be some good news for the continuing, yet anemic, 5 year recovery. However, some analysts believe that seasonal adjustment factors that can cause problems for the accuracy of these numbers, such as temporary shutdowns in the auto […]