Numbers Show Recovery Slowed In Second Quarter

American consumers have spent less money, businesses have slowed their restocking, and as a result, recovery from the financial crisis slowed during the second quarter of 2010. In a report released by the Commerce Department today, economic growth has lost momentum, and is now growing at a 2.4% pace. This meager growth means that the 9.5% unemployment rate is not expected to fall.

-Philip Bunnell