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New GDP estimate up sharply for Q2

August 29 2013

U.S. real gross domestic product increased at an annual rate of 2.5 percent in the second quarter, according to the second estimate by the U.S. Department of Commerce. The growth rate is an improvement from the previous advance second-quarter estimate of 1.7 percent and the first-quarter’s growth rate of 1.1 percent.

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

CBS reports the revision came as U.S. firms exported more goods and imports fell. To read the story, click here.

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