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View All NewsGDP estimate for Q4 revised down
US real gross domestic product increased at an annual rate of 2.2% in the fourth quarter, according to the second estimate released today by the U.S. Bureau of Economic Analysis. The second estimate is down from the previously released advance estimate of 2.6%.
Real GDP rose by 5.0% in the third quarter.
Private inventory investment increased less than previously estimated in the fourth quarter, while nonresidential fixed investment increased more.
Blooomberg reports today’s estimate exceeded the median forecast of 83 economists surveyed by Bloomberg, which called for a 2% pace.
Growth in the staffing industry is strongly correlated with GDP growth, according to research from Staffing Industry Analysts.