Commerce Dept: GDP Up 3.5% During 3Q

The U.S. Commerce Department said that the U.S. economy grew 3.5% during the third quarter. Bloomberg News notes this is the 'first time in more than a year" the GDP has grown, "propelled by stimulus-driven gains in consumer spending and home building," but the NY Times reports, "Even if a recovery is technically in the offing, job seekers likely will not begin to feel the benefits for months to come."

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By Jen Chung in News on October 29, 2009 11:31 AM

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corbindallas

im regular folk and this means something to my 401k. Jobs are the last thing to come anyways. 10% is not all that bad either. 90% of us are still working.