Daily News
View All NewsNew GDP estimate for US reflects slight downward revision
December 22, 2015
US real GDP rose in the third quarter at an annual rate of 2.0%, according to the third estimate issued today by the US Bureau of Economic Analysis. The new estimate revises an earlier, “second,” estimate of 2.1%.
GDP increased 3.9% in the second quarter.
Bloomberg reports today’s estimate exceeded the median forecast of 1.9% in its survey of economists, noting growth was depressed by the most volatile components — inventories and trade.
Growth in the staffing industry is strongly correlated with GDP growth, according to research from Staffing Industry Analysts.