8:43 am September 30, 2010, by Henry Unger
Two important economic numbers were just released by the government.
U.S. economic growth slowed to an annual rate of 1.7 percent in the second quarter, the commerce department said Thursday. That compared with 3.7 percent in the first quarter.
But it was a slight upward revision from the previous second-quarter estimate of 1.6 percent.
Meanwhile, initial claims for jobless benefits fell 16,000 in the latest week to 453,000, the labor department said. That puts new jobless claims back to where they were at the start of 2010, MarketWatch reported.
MarketWatch said U.S. stock futures turned modestly higher after this data was released at 8:30 a.m. because the numbers were better than expected.
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