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GDP estimate for Q3 gets upward revision

December 05 2013

U.S. real gross domestic product increased at an annual rate of 3.6 percent in the third quarter, according to the second estimate released today by the U.S. Department of Commerce. The growth rate is up from a previous estimate of 2.8 percent.

Second-quarter’s growth rate was 2.5 percent.

Bloomberg reports the GDP acceleration is led by the biggest increase in inventories since early 1998. To read the story, click here.

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

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