Initial jobless claims slipped by a mere 2,000 last week to a seasonally adjusted 402,000. This leading indicator seems to be telling us that the economy can avoid a new recession–maybe–but that’s about as far as the good news goes.
Daily Archives: October 27, 2011
US Economy Grew 2.5% In Third Quarter
The economy continues to struggle and recession risk is elevated, but today’s official estimate of third-quarter GDP shows that the economy didn’t surrender to contraction in the last three months. That may change, but for now the recession talk is on the defensive.
The Forecast File: US Q3 GDP
GDP Growth Rate May Run Out of Steam
The Wall Street Journal | Oct 27
The Commerce Department will release its first estimate of third-quarter U.S. gross-domestic-product growth Thursday. Economists expect GDP in real terms to expand at about a 2.7% seasonally adjusted annualized pace, helped by a rebound in auto production after Japan-related shutdowns this year. This would be an improvement from the economy’s average 0.9% growth rate in the first half of the year.