Gdp, Unemployment Rate | featured news

It may be premature to call it a runaway hit, but in the first month since the Census Bureau released its first mobile application, it’s been downloaded more than 32,000 times. The app, called America’s Economy, provides updated statistics from the Census Bureau, the Bureau of Economic Analysis and the Bureau of Labor Statistics. It includes 16 monthly economic indicators,such as house sales, personal income, international trade, gross domestic product and the unemployment rate.

Growth at or below 2% isn't enough to lower the unemployment rate. The U.S. economy grew at an annual rate of just 1.5 percent from April through June, as Americans cut back sharply on spending. The slowdown in growth adds to worries that the economy could be stalling three years after the recession ended.

The economy grew at an annual rate of 2.5% in the three months ending Sept. 30, the government reported, easing fears that the nation would fall into a second recession but still too slow a pace to cut significantly into the high unemployment rate.