Friday, October 30, 2009

US Economy Grew at an Annual Rate of 3.5 percent During The July-September Period

We will not be out of the woods until we see some significant job growth and make sure we avoid a spike in inflation, but this does seem like a promising sign.

"The U.S. economy grew in the third quarter for the first time in more than a year as government stimulus helped lift consumer spending and home building, fueling an unexpectedly strong advance.

Signaling the end of the worst recession in 70 years, the Commerce Department on Thursday said the economy expanded at an annual rate of 3.5 percent in the July-September period, snapping four down quarters with its fastest growth pace since the third quarter of 2007 and exceeding forecasts for a 3.3 percent rate.

No comments:

Post a Comment

Related Posts with Thumbnails

Like what you read; Subscribe/Fan/Follow