Economy Grows But Jobless Number Still Soars

Kelly Chernenkoff
Fox News
October 29, 2009

[efoods]The nation’s economic pulse is starting to beat more powerfully, but it’s still too soon to crack open the champagne, President Obama noted Thursday after new numbers showed the economy grew in the third quarter.

The gross domestic product grew at an annual rate of 3.5 percent, up from a 0.7 percent drop in the second quarter, and “the largest three-month gain we have seen in two years,” Obama said at a small business event Thursday.

“This is obviously welcome news and an affirmation that this recession is abating and the steps we’ve taken have made a difference.”

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This article was posted: Thursday, October 29, 2009 at 4:11 pm

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