Subscribe to Breaking News emails

You have successfully subscribed to the Breaking News email.

Subscribe today to be the first to to know about breaking news and special reports.

U.S. Economy Slows in 3rd Quarter

by Ben Popken /

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.

The U.S. economy slowed to just 1.5 percent growth in the third quarter, the Commerce Department said Thursday. Economists had predicted 1.6 percent increase in gross domestic product. While growth has sputtered since the end of the 2009 recession, consumers are propelling the economy with a 3.2 percent increase in spending. Shoppers are encouraged to spend by consistently cheap gasoline and improving housing and labor markets.

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.
MORE FROM news