Monday, August 04, 2014

ECONOMY - Looking at the Rebound in U.S.

"What the economic rebound looks like around the country" PBS NewsHour 7/30/2014

Excerpt

JUDY WOODRUFF (NewsHour):  The U.S. economy rebounded strongly in the second quarter of this year, better, in fact, than most predicted.  New numbers out today showed the gross domestic product grew at a 4 percent annual rate.  That’s far better than this winter, when the economy seemed to slump and shrank by about 2 percent.  Still, those numbers don’t quite tell you what it feels like in different parts of the country.

Jeffrey Brown gets some regional views.

JEFFREY BROWN (NewsHour):  In addition to today’s numbers, the overall jobs picture has improved of late, averaging a more than 200,000 increase for five straight months.  But again, questions:  What kinds of jobs?  And how long-lasting is the upward swing?

We get a snapshot of three parts of the country, from:  Mark Vitner, managing director and senior economist at Wells Fargo in Charlotte, North Carolina, Tom Binnings, senior partner at Summit Economics in Colorado Springs, Colorado, and Shirley Leung, a business editor at The Boston Globe.

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