"The government said the downgraded reading for the second quarter was mostly related to less inventory building by businesses. Still, the weakness in the housing sector was vivid. Investment in home building plunged at an annualized rate of 11.1% in the spring, the most in 11 years."
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Article : http://www.usatoday.com/money/economy/gdp/2006-09-28-gdp-jobless_x.htm |
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