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US – Bureau Raises GDP Growth Estimate for Q3

November 29 2012

U.S. real gross domestic product increased at an annual rate of 2.7 percent in the third quarter of 2012, according to the second estimate released today by the U.S. Bureau of Economic Analysis. The second estimate is up from the previously released advance estimate of 2.0 percent.

Third-quarter estimated growth in real GDP is more than double the 1.3 percent estimate for the second quarter.

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

However, The Washington Post’s Wonkblog reports the news is not necessarily all good.

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