https://personal.vanguard.com/us/insights/article/economic-week-review-09302011
Economic Week in Review: Somewhat better news on growth
September 30, 2011
The U.S. economy grew slightly more than expected in the second quarter, tempering some fears of another recession. But the economy remains weak. The housing market continues to struggle, and although initial jobless claims fell significantly last week, the number of unemployed remains high. For the week ended September 30, the S&P 500 Index fell 0.4% to 1,131 (for a year-to-date total return—including price change plus dividends—of about –8.7%). The yield on the 10-year U.S. Treasury note rose 8 basis points to 1.92% (for a year-to-date decrease of 138 basis points).
GDP up slightly
The U.S. economy grew at an annual rate of 1.3% in the second quarter, an upward revision from the previous gross domestic product (GDP) estimate of 1.0%. The number was slightly better than expected, though far below the rate of growth necessary to reduce the unemployment rolls.
(Article does continue. Zim.)
Mad Poet Strikes Again.
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