Summary Box: Economy stuck in low gear

AP News
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Posted: Oct 29, 2010 4:58 PM
Summary Box: Economy stuck in low gear

NOT FAST ENOUGH: The economy grew slightly faster last summer as Americans spent a little more _ but far too little to reduce high unemployment.

RIGHT BEFORE ELECTIONS: The government's last major reading on economic growth offered little benefit to Democrats who face deep losses in Tuesday's elections. Voters are frustrated over high unemployment.

HOW FAST DO WE NEED TO GO? Under one rule of thumb, the economy needs to grow 5 percent for a full year to drop unemployment by one percentage point.