Chart of the Day: Economy Picks Up Nicely in Q3

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Real GDP grew at an annual rate of 2.9 percent in the third quarter. This is a fairly healthy number, driven largely by a big increase in purchases of durable goods (cars, refrigerators, etc.). Purchases of nondurable goods fell, and investment in residential housing also fell, for the second straight quarter. Exports were up considerably.

Politically, this is good news for Hillary Clinton. Donald Trump wants this to be a change election, but if inflation is low, unemployment is low, and economic growth is healthy, an awful lot of people are going to think that an extension of the Obama presidency sounds pretty good.

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

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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