Investment Growth Strong in Third Quarter But GDP Gains Are Not Enough to Boost Employment

economyinbriefThe U.S. economy in the third quarter registered a 2.5 percent annual growth rate—an important indication that we are not slipping back into recession. This pace of growth in our gross domestic product—the largest measure of our economy—indicates we are not in a double-dip recession but is insufficient to reduce the 9.1 percent unemployment rate and remains below our historical GDP growth rate average of 3 percent levels.

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