Pinnacle Finance Blog

October 17, 2018

Economic Update – September/October 2018

GDP Growth Shows Strong Upturn… Since our last update in the spring the US economy has shown strong growth over the past several months. Gross Domestic Product (GDP) figures for the second quarter indicate the economy grew 4.2%, an increase from 2.2% in the first quarter and 2.9% in the fourth quarter of 2017.Growth in the second quarter was driven in part by strong consumer spending. On Friday the first estimate for the third quarter GDP was reported at 3.5%. …While Jobs Remain Plentiful… With strong GDP growth job creation has remained solid with an average of 189,000 jobs added […]