US EditionConsumer spending pushes US economy up 4.4% in third quarter, fastest in two years
Consumer spending, which makes up 70% of GDP, rose 3.5% while business investment increased 3.2%, driven partly by artificial intelligence, the Commerce Department reported.
- On Thursday, the Commerce Department reported U.S. gross domestic product rose at a 4.4% annual pace in the third quarter, the fastest quarterly growth since third-quarter 2023.
- Consumer spending accelerated with a 3.5% growth and exports surged while imports fell, boosting U.S. GDP in the third quarter.
- Since March, U.S. employers have added 28,000 jobs per month, slowing from 400,000 monthly in the 2021-2023 hiring boom, while the unemployment rate remains low.
- Many Americans report dissatisfaction with the economy and high cost of living, while the weaker job market contrasts with strong overall economic output.
- Despite policy uncertainty, the Commerce Department revised its estimate up from an initial 4.3% and from 3.8% in the April-June quarter, with growth persisting amid President Donald Trump's `double-digit taxes on imports from almost every country on Earth`.
70 Articles
70 Articles
U.S. economic growth under Republican leadership defies expectations again
There’s more good news for hard-working Minnesotans thanks to Republican leadership in Washington. The U.S. economy grew by 4.4% — once again beating expectations. “As Minnesota’s next Senator, Michele Tafoya will fight to lower taxes for middle-class families and revitalize Minnesota’s manufacturing industry. Democrats like Peggy Flanagan stood by Tim Walz and Joe Biden as they caused prices to skyrocket and nearly plunged the United States int…
Economic growth was driven by consumer spending, investment and exports
Consumer spending lifted economy 4.4% in third quarter, fastest in two years
Powered by strong consumer spending, the U.S. economy grew at the fastest pace in two years from July through September, the government said Thursday in a slight upgrade from its first estimate.
A Top economist says there are 3 reasons the US is closer to a recession than GDP data suggests
Cindy Ord/Getty Images for YahooMark Zandi isn't convinced that the US economy is on a stable trajectory. In his latest outlook, the economist shared his take on why he still thinks a recession may be coming.GDP growth has been strong, but Zandi thinks the data masks underlying weakness. Mark Zandi isn't feeling great about the economy as 2026 get underway. The top economist at Moody's Analytics was ringing the alarm all throughout 2025, and he'…
US Economy Delivers Strong 4.4 Percent Growth, Outperforming Forecasts
The U.S. economy grew more strongly in the third quarter than initially estimated, driven by solid consumer spending and a pickup in exports. Real GDP rose at an annual rate of 4.4 percent during the July–September period, according to new data from the Bureau of Economic Analysis released on Jan. 22. This represented a slight 0.1 percent upward revision from the initial estimate. The bureau noted the adjustment reflected upward changes to expor…
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