Bloomberg News

Soft Reading on Core GDP Temporary, Rupkey Says

November 29, 2012

Nov. 29 (Bloomberg) -- Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ, talks about data on U.S. third-quarter gross domestic product and weekly jobless claims released today. Gross domestic product grew at a 2.7 percent annual rate, up from a 2 percent prior estimate, revised figures from the Commerce Department showed today in Washington. Applications for jobless benefits decreased by 23,000 to 393,000 in the week ended Nov. 24, Labor Department figures showed. (Source: Bloomberg)

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