News In Brief

MIDDAY UPDATE: GDP up 2.6 percent, holiday shopping

Katharine Crnko Dec 22, 2010

U.S. Gross Domestic Product grew 2.6 percent in the third quarter. Stacey Vanek Smith spoke to Richard DeKaser, who explained while this is a good number, the GDP needs to be much higher to tackle jobless numbers.

With only two days til Christmas, retailers and shoppers alike are scrambling to make a deal. But will last-minute shoppers find the deals they’re used to days before Christmas? LA Times columnist David Lazarus examines retail numbers. Marketplace reporter Adriene Hill ventures out on a shopping expedition to find out which holiday gifts are as green as they say to be. Don’t miss the slideshow.

And finally, AARP released a report today that gauges how baby boomers are going about retirement. A trend of working past the age of 65 might turn out to be good for Uncle Sam.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.