U.S. Third-quarter Economic Growth Tops Expectations

by Adam Ford · Oct 30th, 2019 8:53 am

Last Updated Nov 14th, 2019 at 11:37 am

U.S. gross domestic product, which is the broadest measure of the U.S. economy, grew significantly more than expected in the third quarter — 1.9%, vs. the 1.6% rate economists predicted. Economic growth slowed only slightly from the second quarter’s rate of 2%.

Meanwhile, U.S. private sector job growth picked up in October, also topping analysts’ expectations, with private payrolls growing by 125,000 for the month, vs. the 100,000 expected.


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