Economy Grew 4.1% in Q3
It's the best mark since 2011
By Kevin Spak, Newser User
Posted Dec 20, 2013 7:56 AM CST
Graphic shows recent GDP numbers, with the originally reported 3.6% number for Q3.   (Associated Press)

(Newser) – The US' GDP grew at a 4.1% annualized rate in the third quarter, its best showing since the last three months of 2011, the Commerce Department announced today. The number is revised upward from the Department's initial 3.6% estimate. Economists surveyed by Bloomberg had been expecting that 3.6% number to hold. It also represents a big jump from second quarter's 2.5% move.

Soaring stock and home prices are "leading to pretty healthy gains in wages and salaries," one economist explained. "All of that is coming together to create accelerating private domestic demand, which bodes well for GDP growth heading into next year."

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Showing 3 of 13 comments
Dec 21, 2013 4:22 PM CST
In Soviet Union and whole communist block they were talking about production increases wages increases before everything collapsed. This is a joke. My wife didn't get raise for past three years and actually they took away her bonus that was part of her salary when the new Ho took over. Lying media.
Dec 21, 2013 4:19 PM CST
What healthy gains, where? Who the fvck was giving raises, where? They saying economy grew because they have raised the prices in the stores like crazy. My car insurance went up $50 bucks and my record is clean and car got older. So where those "healthy increases" of wages and salaries took place I am asking again?
Dec 20, 2013 10:41 AM CST
Excellent news. Woot!