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• The Labor Depatrment says first-time jobless claims fell to 331,000 last week. For the full details, click here to read the Reuters article.
• After taking another look, the Commerce Department reports that the U.S.'s gross domestic product (GDP) rose at a rate of 2.5% in the second quarter, up from the initial estimate of 1.7%. Click here for the Bloomberg story.
• You've been hearing us say it on Simply Money for awhile, and now it's getting attention from Marketwatch.com - almost half of home purchases this year have been made with cash. And according to other experts as well, this isn't healthy for the housing market.