That 2 pace was stronger than expected and much better than what the economy experienced in the second quarter. Suzanne pratt takes a closer look at the data and what it suggests about the economy in the final months of this year. Reporter an economy growing at a 2 annual rate is hardly anything to celebrate. Sure it couldve been worse. But, clearly at threeyears post great recession, it should be a lot better. Experts call it a sideways economy, one that is unable to create enough jobs to bring down the nations stubborn Unemployment Rate. But, people on the streets of new york have different takes on what a 2 economy means to them it means first of all that anyone trying to look for employment is going have a tough time but dont give up. I myself was out of work for eight months, before i got my present job, but i just hung in there. Right now, for us middle class folks, that probably doesnt mean much. What that will do is that will free up money on the upper end of the category. I th
Abc7 news starts right now with live breaking news. Good morning. I am kristen sze. The breaking news is from Santa Clara County with the first flurelated death. The 65yearold died on tuesday. The number flu cases nationwide has eased since last week after the centers for Disease Control reported high level of flu activity in 24 states. California was not among them. They estimate 36,000 americans die from the flu each year. Developing new from algeria, an effort to recuse hostages at a b. P. Gas plant may have resulted in the deaths of some of the hostages. This morning, islamic militants claim 35 hostages were killed during a rescue attempt by algerian forces. Other reports say that some escaped. U. S. Officials will not confirm the status of american hostages. Abc News Reporter has the latest the situation in algeria is fluid and complicated but tom officials are clear on one thing we condemn strongly what has taken place. This is a serious matter when americans and others are taken
What the economy experienced in the second quarter. Suzanne pratt takes a closer look at the data and what it suggests about the economy in the final months of this year. Reporter an economy growing at a 2 annual rate is hardly anything to celebrate. Sure it couldve been worse. But, clearly at threeyears post great recession, it should be a lot better. Experts call it a sideways economy, one that is unable to create enough jobs to bring down the nations stubborn Unemployment Rate. But, people on the streets of new york have different takes on what a 2 economy means to them it means first of all that anyone trying to look for employment is going have a tough time but dont give up. I myself was out of work for eight months, before i got my present job, but i just hung in there. Right now, for us middle class folks, that probably doesnt mean much. What that will do is that will free up money on the upper end of the category. I think you have to be a little realistic and you take what you
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