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The Commerce Departed reported on Friday, that the Gross Domestic Product grew at a seasonally adjusted annual rate of 4.2% in the second quarter of the year covering the months of April, May and June.

The Wall Street Journal reported the agency last month initially estimated the second-quarter growth rate at 4%, relying on incomplete trade and other data. GDP contracted at a 2.1% pace in the first quarter, dragged down by falling exports and a slowdown in consumer spending that was attributed partly to severe winter weather.

The Journal continued to report more business spending on new equipment and buildings helped boost the economy last quarter, along with stronger household spending on durable goods like automobiles. A ramp-up in business inventories contributed less to growth than first estimated, Thursday’s report showed, and a narrowing foreign-trade gap was a smaller drag on growth than initially estimated.

“The mix is healthier at the margins,” Credit Suisse CSGN.VX +1.19% economist Jay Feldman said. “There’s more final demand. There’s a bit less inventory building. There’s more business investment, which is encouraging.”

The GDP may have increased but many average Americans are still not feeling any improvement in the overall economy.  Many of the new jobs being created are part time work and if one is able to get full time employment it’s at a substantially reduced salary level then what they had before.

Last month U.S. Federal Reserve Chairperson Janet Yellen commented at a Federal Reserve meeting in Jackson Hole, Wyoming, that “elevated number of workers who are employed part time but desire full-time work (those classified as “part time for economic reasons”).  At nearly 5 percent of the labor force, the number of such workers is notably larger, relative to the unemployment rate, than has been typical historically, providing another reason why the current level of the unemployment rate may understate the amount of remaining slack in the labor market.”

The New York Times reported this month for the most affluent 10 percent of American families, average incomes rose by 10 percent from 2010 to 2013. For the rest of the population, average incomes were flat or falling.

At a press conference this month Yellen mention what many Americans are feeling, “For lower-income families, what we find is sobering. The median net worth reported by the bottom fifth of households by income was only $6,400 in 2013. Among this group, representing about 25 million American households, many families had no wealth or had negative net worth. The next fifth of households by income had median net worth of just $27,900. These numbers represent declines from 2010. One reason is that income has continued to fall for these families.”

Yellen, continued to state, “A larger lesson from the financial crisis, of course, is how important it is to promote asset-building, including saving for a rainy day, as protection from the ups and downs of the economy. I surely hope that our nation will not face another crisis anytime soon as severe as the one we recently experienced. But for many lower-income families without assets, the definition of a financial crisis is a month or two without a paycheck, or the advent of a sudden illness or some other unexpected expense.”

Corporate profits are up, but Main Street America has suffered the effects of the recession and has not benefited from the recovery which officially ended in June 2009.

Washington of both political parties need to be wary of disconnect experienced by average Americans who do not care about both parties scoring political points at there expense.