Military spending fuels second-quarter growth

Defense spending in the second quarter was up 45.9%, which contributed to a 3.1% rise in GDP. Jobless claims rose last week but remained under 400,000, the threshold associated with a weak labor market. Spending is expected to rise the rest of the year, which economists say may help out the job market.

View Full Article in:

Washington Post (tiered subscription model), The · MSNBC · MarketWatch

Published in Brief: