Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Economy Grew 2 Percent in Third Quarter, Mostly In Line With Expectations Economy Grew 2 Percent in Third Quarter, Mostly In Line With Expectati...

This ad will end in seconds
 
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation
 

 

Economy / ECONOMY

Economy Grew 2 Percent in Third Quarter, Mostly In Line With Expectations

October 26, 2012

The economy picked up slightly in the third quarter of the year, growing at an annual rate of 2.0 percent, the Commerce Department reported in a Friday estimate.

  • The change in the real Gross Domestic Product was just above economists’ expectations of a sluggish rate of 1.8 percent, according to a Bloomberg survey. Real GDP grew 1.3 percent in the second quarter and 2.0 percent in the first quarter.
  • Only one major pre-election economic release remains: the October employment report, which is due next Friday, just days before the election. An unexpected drop to 7.8 percent unemployment last month led some to suggest that the report had been tampered with, though economists across the political spectrum dismissed the concerns.
  • Some economists have warned that business activity in the final quarter of the year may be subdued due in part to policy uncertainty surrounding the fiscal cliff—the twin year-end threats of expiring tax cuts and looming across-the-board spending cuts.
  • Friday’s report was a first estimate, subject to multiple subsequent revisions.
Job Board
Search Jobs
Biomedical Service Internship Position
American Society of Civil Engineers | Flint, MI
Fire Sprinkler Inspector
American Society of Civil Engineers | Charlotte, NC
Professional Development Program Engineer
American Society of Civil Engineers | Farmington Hills, MI
Deputy Director of Transit Operations
American Society of Civil Engineers | San Jose, CA
Transportation Planner
American Society of Civil Engineers | Salinas, CA
Assistant Professor - Water Resources/Ecological Engineering
American Society of Civil Engineers | Auburn, AL
Product Manager - Chemical Development and Supply - Tulsa, OK
American Society of Civil Engineers | Tulsa, OK
Commissioning Intern
American Society of Civil Engineers | Chicago, IL
Assessment and Remediation Team Lead
American Society of Civil Engineers | Regina, SK
Business Development Manager
American Society of Civil Engineers
Sr. Controls Systems Engineer
American Society of Civil Engineers | Grand Island, NE
Senior Project Manager- Transportation
American Society of Civil Engineers | San Antonio, TX
Materials Engineer 2
American Society of Civil Engineers | IL
Land Surveyor
American Society of Civil Engineers
Quality Engineer
American Society of Civil Engineers | Attica, IN
 
Comments
comments powered by Disqus