GDP Numbers Weak
GDP grew 1.9% in the June 2008 quarter, which was below 2.3% est. Q1 GDP was revised down to 0.9% vs. 1%. Q4 2007 was revised down to -0.2% vs. 0.6% previously reported.
Initial jobless claims went up 44,000 to 448,000, the highest number since April 2003.
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