Signs of Life
The New York Times reports that the U.S. economy grew last quarter for the first time in the past year: Gross domestic product expanded at an annual rate of
Jul 31, 2020541.7K Shares8.8M Views
The New York Times reports that the U.S. economy grew last quarterfor the first time in the past year:
“„Gross domestic product expanded at an annual rate of 3.5 percent in the three months ending in September, a significant spike from a relatively shrunken base. The economy had contracted at annual rates of 0.7 percent and 6.4 percent in the first and second quarters of this year, respectively.
The new numbers from the Commerce Department are likely to provide cold comfort for out-of-work Americans — the national unemployment ratehit 9.8 percent in September, job growth historically trails other economic indicators, and GDP presents a very broad snapshot of the economy — but they could suggest a recovery is on the way.
Paolo Reyna
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Paolo Reyna is a writer and storyteller with a wide range of interests. He graduated from New York University with a Bachelor of Arts in Journalism and Media Studies.
Paolo enjoys writing about celebrity culture, gaming, visual arts, and events. He has a keen eye for trends in popular culture and an enthusiasm for exploring new ideas. Paolo's writing aims to inform and entertain while providing fresh perspectives on the topics that interest him most.
In his free time, he loves to travel, watch films, read books, and socialize with friends.
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