Day: October 30, 2024

Bloomberg (10/30/24) Boesler, Matthew The U.S. economy grew at a 2.8% annualized rate in the third quarter, driven by a surge in consumer spending and increased federal defense expenditures. This follows a 3% growth rate in the prior quarter and exceeded most forecasts. Consumer spending, the largest contributor to economic activity, rose by 3.7%, marking the strongest increase since early 2023. The robust growth is

ADP News Release (10/30/24) In October, the private sector added 233,000 jobs and annual pay increased 4.6% year-over-year, according to the ADP National Employment Report. Despite challenges from hurricane recovery, U.S. job growth remained strong, indicating robust and resilient hiring across the private sector. This information originated from mediacenter.adp.com. Use this link to see the full article: ADP National Employment Report: Private Sector Employment Increased