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From the American Enterprise Institute:
The nation’s GDP grew at a surprising 3.3 percent rate in the second quarter, up from 0.9 in the first quarter. That is welcome news for the nation’s 154 million strong labor force on this Labor Day holiday. The Census Bureau reported that, in 2007, real median household income rose for the third straight year, a point Douglas J. Besharov made at an AEI conference on August 25.
Although most Americans are uneasy about the nation’s economy, they remain optimistic about their personal prospects. In a recent HarrisInteractive poll, only 18 percent said the country was on the right track; 76 percent felt that way about their personal lives.
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August 30th, 2008 at 1:14 pm
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