That's why you little cunts are whiny little bitches - when our economy is the best in the WORLD right now. But because Biden is in office - whiny little maga cunts WHINE.
WASHINGTON — The last and most consequential report on the nation’s economic health before next week’s election provided more evidence of America’s resilient growth. Whether it will make a difference to voters is an open question.
The Commerce Department said Wednesday that U.S. gross domestic product, the broadest measure of economic output, expanded at a robust annual rate of 2.8% in the third quarter. A country’s GDP is a tally of the value of all goods and services produced in the nation.
The growth was a slight deceleration from the 3% annualized increase in the second quarter, but U.S. economic activity continued to far outpace almost every other developed nation. “The outlook is for more of the same with growth the envy of the world,” said Chris Rupkey, chief economist at Fwdbonds, a economic and markets research firm in New York.
The latest GDP increase was again powered by durable consumer spending as U.S. households have benefited from a solid job market, declining inflation and a booming stock market.
“It’s impressive, phenomenal,” said Jeffrey Korzenik, chief economist at Fifth Third Bank, referring to the American economy’s exceptional run of strong output and full employment.
The Labor Department is set on Friday to release job creation and unemployment numbers for October, but analysts are discounting the report as the data are expected to be badly distorted by the temporary effects of two hurricanes and a strike by Boeing workers. In September, the American economy added 254,000 jobs and unemployment ticked down to a historically low 4.1%.