Economy grows 3.5%, but joblessness lingers

10/30/2009 | Washington Post, The

Driven by a long list of government stimulus initiatives, the economy expanded at an annual rate of 3.5% in the third quarter, the strongest growth in two years, the Commerce Department said. But while the economy grew, so did the unemployment rate. "We've had a technical end to the recession, which is something that economists and bankers like to talk about," said Robert Dye, senior economist at PNC Financial Services. "But it's not going to feel like we've had an end to the recession on Main Street until unemployment starts to go down."

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