That left the average of GDP and GDP increasing 3.3% in the third quarter compared with an increase of 1.3% in the second quarter. [...] This is the fourth consecutive quarter in which GDI growth has lagged GDP growth and adds to the argument that the economy is slowing, but neither indicates that growth has halted. [...] The tightness of financial conditions has the effect of curbing the purchasing power fueled by job and wage gains. [...] The Bureau of Labor Statistics’ Job Openings and Labor Turnover October report indicates the labor market has clearly slowed since the start of the year. [...] The number of jobs available at the end of October was at 8.7 million, the lowest since March 2021.
Authors
- Pages
- 4
- Published in
- United States of America
