Economy Grows 5.7%, Still Sucks

(azrainman)

The US economy expanded 5.7% in the fourth quarter of 2009, making it the second straight quarter of growth, and the fastest in six years. However, it’s important to remember that for 2009 overall, real GDP shrank 2.4%, the largest decrease since 1946. So, it’s a gain for sure, but starting from a very low place and there’s a long way to go. Like jobs. Some jobs would be nice. [Bloomberg]