US economy bounces back but deeper trends hint at enduring woe
by Dominic Rushe and Michael Sainato from on (#59P29)
- GDP rises by annualized rate of 33.1% from July to September
- Unemployment rate at 7.9%, twice as high as it was in February
The US economy bounced sharply back from the record-setting slump at the start of the coronavirus pandemic, according to government figures released on Thursday, handing Donald Trump a key talking point days before the election.
GDP number just announced. Biggest and Best in the History of our Country, and not even close. Next year will be FANTASTIC!!! However, Sleepy Joe Biden and his proposed record setting tax increase, would kill it all. So glad this great GDP number came out before November 3rd.
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