Solid economic good news–will jobs follow?
Reuters reports latest Commerce Department figures.
Gross domestic product (GDP) grew a revised 3.1 percent in the second quarter, up from 2.4 percent rise estimated a month ago and 1.4 percent growth in each of two prior quarters.
Consumer spending (+3.8%) and business investment were up, and inventories down. Lean inventories mean companies may have to ramp up production to keep up with demand, which can lead to more hiring.
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