Summer Quarter Yields 2 Percent Economic Growth

  • Playlist
  • Download
  • Embed
    <iframe src="" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The U.S. economy picked up the pace just a bit in the months from July to September, according to the Commerce Department. The 2 percent annual growth rate was up from 1.7 percent in the April-June quarter.


NPR's business news starts with the economy improving. A little.

(Soundbite of music)

The gross domestic product grew at a two percent annual rate in the last three months. Not great, but better than it was. It's up from a 1.7 percent rate in the previous quarter. These numbers are just out this morning from the Commerce Department. Consumer spending also sped up, growing at the fastest pace since 2006. But the economy is still not growing rapidly enough to make a big dent in the unemployment rate.

Copyright © 2010 NPR. All rights reserved. Visit our website terms of use and permissions pages at for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

NPR thanks our sponsors

Become an NPR sponsor

Support comes from