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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."
Commerce Dept: GDP Up 3.5% During 3Q
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So technically we're saved, but practically we're fucked?
That's what it sounds like. Someone wake me up when this shit means something to reg'lar folk.
GDP is an obsolete metric.
Until job growth starts again everything doesn't mean anything to the working class.
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.