More Signs U.S. Economy Is Growing

When the Commerce Department releases its first quarter gross domestic product estimate this morning, economists are expecting it will show the economy is on the rebound thanks in part to America's shoppers.

Wall Street economists surveyed by Thomson Reuters are estimating the economy grew at a 3.4 percent annual rate from January to March. That would be the third straight quarterly gain.

While consumers aren't spending with the abandon that's sparked past recoveries, they have begun to spend enough to keep the economy expanding.

And there are other signals that the U.S. economy has turned a corner. Employers are creating jobs again, with a net total of 162,000 jobs added in March. Manufacturers are boosting production. Consumer confidence is higher. And, first quarter earnings reports have shown a rising number of companies, from Ford and Whirlpool to UPS and Estee Lauder, are again turning a profit.


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by US citizen for now Location: Washington on May 1, 2010 at 01:29 PM
    hmm a formal discussion of debate is what I'm all about. Too many uninformed or brainwashed liberals don't know the truth of what is actually going on behind the scenes regarding where America and the rest of the world are heading. The devil all intertwined within our corrupt justice system, congress, presidential administration and especially our liberal media outlets. Our colleges even brainwash the students to become atheists just like many of the humanistic professors are. Happy Trails to you until we meet again! Jesus Christ, The Truth The Way and the only Life!
  • by isit2012yet? on May 1, 2010 at 07:46 AM
    Voter you must watch FOX like everyone else that wants facts instead of liberal propaganda. Like I always say inside every liberal is a conservative trying to get out. Keep up the good work.
  • by Another Voter on Apr 30, 2010 at 07:52 PM
    isit2012yet?: Bill O'Reilly, is that you? Hi Bill! I heart No Spin Zone TOTALLY!
  • by isit2012yet? on Apr 30, 2010 at 06:54 PM
    Don't be burdened by the copious amount of facts by US citizen there voter. If we opine a pithy comment on here once in awhile it's just our way of stopping the spin!
  • by Another Voter on Apr 30, 2010 at 06:22 PM
    US citizen for now: You sure have quite the "hobby" here, don't you? The term "copious" comes to mind.
  • by Stan Location: G'ville on Apr 30, 2010 at 06:20 PM
    If the Federal Government will let private enterprise do its thing with less intervention and lower taxes to operate a business the capitalist economy can take care of itself no matter who the president is.
  • by US citizen for now Location: Washington on Apr 30, 2010 at 02:28 PM
    Look guys, lets get the record straight!!!! WASHINGTON -- The government says the economy grew at a 3.2 percent pace during the first quarter of this year, significantly Lower than the 5.6 percent of the fourth quarter 2009 despite continued increases in federal spending. The Commerce Department's initial estimate of the economy's performance in the January-to-March quarter, released Friday, provided more evidence that the economy is strengthening, largely due to the fact consumer spending rose by the most in three years. They increased their spending at a 3.6 percent pace, the strongest showing since early 2007. Obama holds NO credit for any increases in GDP
  • by US citizen for now Location: Washington on Apr 30, 2010 at 02:14 PM
    There's a big difference between American Shoppers and Obama! unemployment level on a national scale hasn't changed much so don't give otonga all credit here. Read the headline, American shoppers bought more and that effected the GDP numbers. The trillions borrowed stimulus money temporarily removed the terd smell but it'll come back reeking to high heaven later on.
  • by Anonymous on Apr 30, 2010 at 10:46 AM
    Sustained Recovery Underway in Twenty-Seven States through March April 28, 2010 - Jim Haughey "State economic activity indexes remain below the 2007-08 peak level in every state. The gap ranges from 2% in Alaska and New York to over 15% in Rhode Island, Idaho, Nevada and West Virginia and 30% in Michigan. Among larger states, the smallest gaps are about 5% in Louisiana, Massachusetts, Texas, Minnesota and Virginia." Hard to believe this great news. As long as you don't compare it to 2007-2008 when Bush was in office.
  • by Anonymous on Apr 30, 2010 at 10:02 AM
    GM paid off one taxpayer funded loan with another. Nice spin Barlow thanks for playing!
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