GDP Grows by 3.2 Percent, Initial Claims for Unemployment Insurance Remain Elevated

At CBS MoneyWatch, a reaction to today's release of the advance estimate of 3.2% GDP growth for the first quarter of this year, and to yesterday's news that the four week average for initial claims for unemployment insurance increased slightly:

GDP Grows by 3.2 Percent, Initial Claims for Unemployment Insurance Remain Elevated, by Mark Thoma

I explain why I am not as excited by the 3.2 percent growth figure as others seem to be.