US GDP GREW AT 3%
Jay Parker (I)
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The official Bureau of Economic Analysis report paints a rosy picture with increases in exports and nonresidential investment (commercial real estate, tools, machinery, factories, etc). If these trends continue, we can expect more good news on job growth.

“The increase in real GDP in the second quarter reflected positive contributions from PCE (personal consumption expenditures), nonresidential fixed investment, exports, federal government spending, and private inventory investment that were partly offset by negative contributions from residential fixed investment and state and local government spending. Imports, which are a subtraction in the calculation of GDP.” — Bureau of Economic Analysis [SOURCE]