Second quarter economy slows

The original estimates of 2.4% growth were lowered to 1.6% during the second quarter. Also sales of both new and old homes were the lowest of the decade. This news makes many worried about creation of new Jobs. With unemployment at a level of nearly 10%, economist fear that these low numbers could put fear into employers and cause them to hold back on hiring new employees. However, chairman of the federal Reserve, Ben Bernanke expects that the economy will continue to grow. He expects this growth to be slow and overtime.