Problem Solved! GDP Shows 3.5% Growth

No, just kidding. We know you still don’t have a job. The Commerce Department announced that the economy grew 3.5% in the third quarter — snapping the longest streak of economic contraction since 1947.

From the AP:

The third-quarter’s performance – the strongest since right before the country fell into recession in December 2007 – was slightly better than the 3.3 percent growth rate economists expected.

Armed with cash from government support programs, consumers led the rebound in the third quarter, snapping up cars and homes.

Something about the phrase “armed with cash from government support programs” makes us wonder what surprises next quarter will hold.

Economy grows in 3Q, signals end of recession [AP]

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