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New estimate of fourth-quarter GDP for US remains at 2.2%

March 27, 2015

US real gross domestic product increased at an annual rate of 2.2% in the fourth quarter, according to the third estimate released today by the U.S. Bureau of Economic Analysis. The third estimate is unchanged from the previously released second estimate.

Real GDP rose by 5.0% in the third quarter.

Increases in exports and in personal consumption expenditures were larger than previously estimated and the change in private inventories was smaller, although GDP growth is unrevised and the general picture of the economy for the fourth quarter remains the same.

Blooomberg reports today’s estimate fell short of the median forecast of 83 economists surveyed by Bloomberg, which called for a 2.4% pace.

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