Current Weather
The Spy FM

Economic Growth Picked Up Slightly In Third Quarter

Filed by KOSU News in Business.
October 26, 2012

The U.S. economy grew at a 2 percent annual rate in the third quarter, the Bureau of Economic Analysis says.

That follows growth (at annual rates) of 1.3 percent in the second quarter and 2 percent in the first.

At 2 percent, the third-quarter estimate is a bit better than the 1.8 percent that economists were expecting, Bloomberg News says. But this is just the first of three estimates of third-quarter growth and it’s likely there will be revisions in coming months.

In 2011, GDP expanded at:

– A scant 0.1 percent annual rate in the first quarter.

– 2.5 percent in the second quarter.

– 1.3 percent in the third.

– 4.1 percent in the fourth.

The economy, of course, is the top issue in this year’s presidential campaign. The last major economic news due before Election Day on Nov. 6 is the October employment report, which the Bureau of Labor Statistics is scheduled to release next Friday — Nov. 2 — at 8:30 a.m. ET.

The nation’s official unemployment rate declined to 7.8 percent in September, BLS said earlier this month. [Copyright 2012 National Public Radio]

Leave a Reply

12AM to 5AM The Spy

The Spy

An eclectic mix of the Spy's library of more than 10,000 songs curated by Ferris O'Brien.

Listen Live Now!

5AM to 6AM Living On Earth

Living On Earth

Living on Earth with Steve Curwood is the weekly environmental news and information program distributed by Public Radio International.

View the program guide!

6AM to 7AM On Being

On Being

On Being engages listeners across the spectrum of belief and non-belief in conversation about life's deepest questions. From autism to the ethics of torture, Krista and her guests reach beyond the headlines to probe faith and meaning, ethics and new ways of being, amidst the political, ecological, economic, cultural and technological shifts that define 21st century life.

View the program guide!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center