U.S. Economy Quickens Its Pace
The U.S. economy had a bit of a pickup during this year's third quarter, showing growth of 2 percent. Meanwhile, the housing market remains limp and high unemployment recalcitrantly hovers at 9.6 percent.The U.S. economy had a bit of a pickup during this year’s third quarter, showing growth of 2 percent. Meanwhile, the housing market remains limp and high unemployment recalcitrantly hovers at 9.6 percent. –JCL
Your support matters…The BBC:
The US economy grew at an annualised rate of 2% in the July-to-September period, an acceleration on the previous quarter, official figures have shown.
The expansion came despite continuing high unemployment and weakness in the housing market.
The 2% figure is an improvement on the upwardly revised 1.7% increase between April and June, but less than the 3.7% growth recorded from January to March.
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.