Real GDP Growth Stronger Than Expected

Staffing Industry Analysts (01/25/2024) US real gross domestic product increased at an annual rate of 3.3% in the fourth quarter of 2023, according to the advance estimate released by the US Bureau of Economic Analysis. The GDP increased more than economists had projected but less than the third-quarter growth of 4.9%. Economists polled by Reuters had forecast […]

What Recession? Growth Ended Up Accelerating in 2023

Wall Street Journal (01/25/24) Rubin, Gabriel T. The U.S. economy grew 3.1% over the last year, defying forecasts of a recession as a resilient labor market supported robust consumer spending. The year was capped by a fourth quarter in which the economy grew at a 3.3% seasonally and inflation-adjusted annualized pace, according to the U.S. […]