The WestRock Paperboard Mill is in Solvay, N.Y., is shown on Jan. 16, 2024. On Thursday, March 28, 2024, the U.S. government issues the third and final estimate of economic growth in the October-December quarter. – The U.S. economy grew at a solid 3.4% annual pace from October through December, the government said Thursday in an upgrade from its previous estimate. The government had previously estimated that the economy expanded at a 3.2% rate last quarter.
For all of 2023, the U.S. economy — the world's biggest — grew 2.5%, up from 1.9% in 2022. In the current January-March quarter, the economy is believed to be growing at a slower but still decent 2.1% annual rate, according to a forecasting model issued by the Federal Reserve Bank of Atlanta. Stripping out volatile food and energy prices, so-called core inflation amounted to 2% from October through December, unchanged from the third quarter.
Yet the economy has kept growing, and employers have kept hiring — at a robust average of 251,000 added jobs a month last year and 265,000 a month from December through February.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
From a Hospital Hallway, Blue October's Justin Furstenfeld Shared Some Secrets to SuccessWhen we reached Justin Furstenfeld to discuss Blue October's approaching Houston shows and a new movie he’s in, we were sorry to learn he was at a Houston hospital seeing after a cherished family member. He assured us everything was all right and he was prepared to press on with our...
Source: HoustonPress - 🏆 314. / 61 Read more »
Arrest made in deadly December hit-and-run crash near Carefree28-year-old Jose Andres Guerrero Talamantes is accused of killing David Hadrich
Source: abc15 - 🏆 263. / 63 Read more »
Survivors share personal horrors from the October 7 Hamas-led attack in IsraelHorror stories coming out of Israel after the Hamas-led attack on October 7, 2023, but rarely from people who were there on the day.Two people whose military se
Source: CBS21NEWS - 🏆 304. / 63 Read more »
Live blog: Israel killed 13,430 Palestinian children since October 7 — GazaIsrael's war on Gaza — now in its 151st day — has killed at least 30,534 Palestinians, mostly children and women, and wounded 71,980 others.
Source: trtworld - 🏆 101. / 63 Read more »
Six months of safety inspections at Phoenixville Hospital: July to December 2023There were no safety violations at the Chester County hospital the second half of 2023.
Source: PhillyDailyNews - 🏆 89. / 67 Read more »
Suspect charged with murder for deadly December 2023 shooting on Emancipation AvenueA murder suspect is now in custody for involvement in a fatal shooting that occurred on Emancipation Avenue on December 18, 2023, according to Houston Police Department (HPD).
Source: KPRC2 - 🏆 80. / 68 Read more »