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 can get, so if its a nominal rate of 2 thats fine. Every step in the right direction is great. Reporter the weird thing about the latest snapshot of the u. S. Economy, is the contradictions. Consumers went on a shopping spree in the third quarter, shrugging off the threat of higher taxes next year. Businesses, on the other hand, pulled back sharply on their spending, the first cutback in Business Investment in
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
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
We have emergency officials from the Fire Department telling people to leave. It is in evacuation zone after all. Obviously, it is closed today. Sandbags outside. Lots of tourist there incidentally taking pictures. Getting a little more than they bargained for with their trip to new york. There are a few shops open. Down here in battery park, you cannot even find a starbucks or mcdonalds that is open much less one of the local dailies. They are all closed up. It will be a large impact. I heard from the president of bliss at the spot, i am sure you know it well, melissa, it is really unfortunate that they had to close. This things always seem to happen at the end of the month. What would they rather do than go to the spa, but unfortunately, he could not get his workers in. So many of these places are closing down, including the restaurant we are standing in the backyard of, really. We did have water coming almost all the way up earlier at high tide around 9 00 a. M. This morning. Rain i
Youre in the situation room. Searchers race against time to find traces of flight 370. Here are the latest developments. Questions are now being raised about a new map said to show the airliners radar track and shows a much different flight track. The airliners turn is being viewed as a criminal act. Malaysian officials now say the last words from the cockpit were good night, malaysian 370. The earlier version was all right, good night. The change raises questions about the handling of the investigation. And as planes get ready to resume searches of the airliner, pinger locators are on the way to the search zone but the batteries powering the black box signals will likely die within days. Our analysts and our reporters are standing by in washington as well as around the world with the kind of special coverage that only cnn can deliver. Lets begin with our Senior International correspondent nick roberson. Hes joining us with the very latest from kuala lumpur. Nic . Reporter wolf, weve b