“That was the first time that growth exceeded 2% all year and the fastest pace since the second quarter of 2010. But even with the acceleration, growth remained stubbornly below the 3% pace that many economists say is needed to quickly bring down the unemployment rate. The report also showed that most of the growth was thanks to a surge in inventory replenishing by businesses—a trend not likely to last. Final sales—a measure of products sold to end users, rather than to wholesalers or suppliers—advanced only slightly.” WSJ Sources: Wall Street Journal, Bureau of Economic Analysis, CNBC
US Employment Situation
Source: Bureau of Labor Statistics, American Staffing Association
Projections & Sector Comparison
Source: Wall Street Journal Please note: WSJ Projections were released prior to the BLS report
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