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| Version 1 | Version 2 |
|---|---|
| US economic growth stays positive | US economic growth stays positive |
| (10 minutes later) | |
| The US economy has been boosted by the government's $168bn (£84bn) stimulus package, according to official figures. | The US economy has been boosted by the government's $168bn (£84bn) stimulus package, according to official figures. |
| Gross domestic product (GDP) rose 1.9% between April and June, the Department of Commerce said. | Gross domestic product (GDP) rose 1.9% between April and June, the Department of Commerce said. |
| That compares with a figure of 0.9% in the first three months of the year. Meanwhile growth in the last three months of 2007 was downgraded to -0.2%. | That compares with a figure of 0.9% in the first three months of the year. Meanwhile growth in the last three months of 2007 was downgraded to -0.2%. |
| Analysts are concerned about what will happen to the US when the benefit of the stimulus package has passed. | Analysts are concerned about what will happen to the US when the benefit of the stimulus package has passed. |
| The stimulus package has given tax rebates to 130 million households. | |
| Jobless claims rise | Jobless claims rise |
| The most common definition of a recession is two consecutive three month periods of negative growth. | The most common definition of a recession is two consecutive three month periods of negative growth. |
| Officially in the US, a recession has not taken place until the National Bureau of Economic Research says this is the case, but this decision may not come for two years. | Officially in the US, a recession has not taken place until the National Bureau of Economic Research says this is the case, but this decision may not come for two years. |
| "We're in a recession. I don't know how they get the 1.9% in the second quarter," said Robert Macintosh, chief economist at Eaton Vance Management in Boston. | "We're in a recession. I don't know how they get the 1.9% in the second quarter," said Robert Macintosh, chief economist at Eaton Vance Management in Boston. |
| "I think the most troubling thing out of all the numbers this morning is the claims number. If that doesn't convince people we're in a recession, then nothing will." | "I think the most troubling thing out of all the numbers this morning is the claims number. If that doesn't convince people we're in a recession, then nothing will." |
| Figures from the Department of Labor showed that the number of applications for unemployment benefit last week hit a five-year high. | Figures from the Department of Labor showed that the number of applications for unemployment benefit last week hit a five-year high. |
| Jobless claims reached 448,000, an increase of 44,000 from the previous week. | Jobless claims reached 448,000, an increase of 44,000 from the previous week. |