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GDP estimate for Q2 revised up

August 28, 2014

U.S. real gross domestic product increased at an annual rate of 4.2 percent in the second quarter, according to the second estimate by the U.S. Department of Commerce. The growth rate is up from the previous advance second-quarter estimate of 4.0 percent; it is significantly stronger than the first quarter, when real GDP fell 2.1 percent.

Growth in the staffing industry is strongly correlated with GDP growth, according to research from Staffing Industry Analysts.