Download NowThe U.S. economy continues to show signs of improvement, but overall growth remains below historical trends. Second quarter real GDP growth came in at 2.5%, an improvement over the revised level of 1.1% experienced for the first quarter of 2013. Inflation levels remain under control for the time being, likely ensuring an accommodative interest rate environment continues. Unemployment fell to 7.3% in the September reading, and jobless claims were the lowest since 2007. While the lower unemployment number is a welcome trend, the actual pace of hiring is still progressing at a measured pace, with recent nonfarm payroll reports coming in below estimates... download the pdf to read more.