Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Finally, the U.S. economy the world has been waiting for Add to ...

Subscribers Only

The U.S. economy is rolling now.

Gross domestic product expanded at an annual rate of 4.2 per cent in the second quarter, according to the Commerce Department’s updated estimate, defying Wall Street’s consensus assumption that closer inspection would force Commerce to shave its initial 4-per-cent estimate. A separate report Thursday showed the four-week moving average of initial jobless claims dropped to 300,000, a historically low number that correlates with a declining unemployment rate.

Report Typo/Error

Follow on Twitter: @CarmichaelKevin

Next story

loading

In the know

The Globe Recommends

loading

Most popular videos »

Highlights

More from The Globe and Mail

Most popular