White House Adviser Hassett Says GDP 'Fantastic,' Job Gains to Jump

Moody’s economist: GDP growth ‘fragile because we’re not creating jobs’

Moody’s Analytics chief economist Mark Zandi cautioned against drawing premature conclusions about the strength of the economy, warning the recently announced 4.3 percent gross domestic product (GDP) growth is “fragile” because of a lack of job growth. In an interview on CNBC’s “Squawk on the Street,” Zandi celebrated last week’s lower-than-expected jobless claims numbers, which…

Growth Unmistakable: Trump Admin Celebrates 4.3% GDP Growth, 'Will Only Get Better'

Numbers, at last, that speak for themselves. The U.S. economy surged in the third quarter, recording its fastest growth rate in two years, according to new data released Tuesday. An initial estimate from the U.S. Department of Commerce showed gross domestic product expanding at an inflation-adjusted annualized rate of 4.3%, well above the 3.8% pace recorded in the second quarter. The lift came from familiar places. Consumers spent more freely, w…

Spending helped drive 4.3% economic growth between July and September, delayed GDP report shows

Household spending is increasingly divided between wealthy consumers who are helping to keep the economy humming, and everyone else.