The economy is moving in the right direction but not at the right pace. The reason it's not enough? We need more than 2.5% growth to start adding jobs back to the economy -- otherwise, the unemployment number won't go down, even with 2% growth:
The United States economy grew at an annual rate of 2 percent in the third quarter, the Commerce Department reported Friday, as it struggles to gain any momentum for a sustained recovery.
That estimated number matched the consensus forecasts for the gross domestic product, and is the barest tick up from the second quarter.
Though the recovery officially began in June 2009, growth since then has been tepid, at best. The economy expanded at a 1.7 percent pace in the second quarter, down sharply from a 3.7 percent rate in the first.
