THE REVISED SECOND QUARTER GDP IS UP

Winchester, VA – The New York Post reports that the Commerce Department announced yesterday  that the gross domestic product exhibited a 3% annualized growth rate, which is significantly higher than the 2.7% analysts were expecting. Also of note was the job market, which added 237,000 jobs, compared with a reported 201,000 jobs added in July. Consumer spending  grew at a rate of 3.3%, the fastest growth in the last year. All in all, the economy has grown at 2.1%, which falls short of the 3.0% President Trump was aiming for.

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