GDP Increases at Not-Bad 3.5 Percent Rate in 3rd Quarter

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Today’s economic news is fairly good. GDP in the third quarter grew at a 3.5 percent annual rate, which means that the slowdown at the beginning of the year really does look like it was just a blip. Aside from that one quarter, economic growth has been pretty robust for over a year now.

At the same time, inflation continues to be very low, which you can take as either good news (if you’re an inflation hawk) or bad news (if you think the economy could use a couple of years of higher inflation).

We could still use some higher growth after five years of weakness, but at least we’re providing a bit of a counterbalance to Europe, which appears to be going off a cliff at the moment. Count your blessings.

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Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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