Economy rebounds in 2Q, mostly spurred by exports
“The Commerce Department reported Thursday that gross domestic product, or GDP, increased at a 3.3 percent annual rate in the April-June quarter. The revised reading was much better than the government’s initial estimate of a 1.9 percent pace and exceeded economists’ expectations for a 2.7 percent growth rate.”
Jobless claims fall for 3rd straight week
“Applications for unemployment benefits dropped to a seasonally adjusted 425,000, down 10,000 from the previous week, the Labor Department reported. That was a slightly better figure than the 427,000 analysts expected.
The four-week moving average also improved to 440,250, down from 446,250 the previous week.”
Bad day for our gloomy Democrat friends.