Business News- US- GDP jump tempered by unemployment highs- newser

From Newser- News that the US gross domestic product jumped 3.5% in the third quarter cheered investors and others, but the cheers will ring hollow if unemployment keeps rising, John Authers writes. Consumer spending rose even as disposable income fell—“ not a pattern that can be sustained for long, and it is inconsistent with the need for US families to pay down their debts,” he notes in the Financial Times.

http://www.newser.com/story/72885/us-gdp-jump-hollow-if-unemployment-keeps-rising.html?utm_source=twitter&utm_medium=social&utm_campaign=bus

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