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GDP estimate revised up sharply for Q3, fastest growth since 2011

December 20 2013

Estimated third-quarter growth in U.S. real gross domestic was revised upward to 4.1 percent in a third estimate released today by the U.S. Department of Commerce from an earlier estimate of 3.6 percent. The pace of growth was the fastest since the fourth quarter of 2011 which posted estimated GDP growth of 4.9 percent.

The better-than-expected performance was spurred by consumer spending, USA Today reports.

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

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