As an update to the
What Recession? post here in May, here are the latest figures. U.S.
GDP grew 1.9% in the second quarter, so once again, we are not technically in a recession. On the other hand, the overall
unemployment rate spiked upward to 5.7%; not catastrophic, but clearly disturbing.
Still, these two numbers taken together may signal a positive trend. Second quarter GDP growth increased over the first quarter, which had in turn increased
...