The U.S. economy grew at an annual rate of 3.4 percent in the third quarter, exceeding economists' expectations and providing a major boost to President Trump's economic agenda.
The White House celebrated the news, noting that President Trump has garnered more investment in the country than any president in history. "GDP growth crushes economists' expectations!" the White House declared.
Growth Surpasses Forecasts
Rapid Response 47 highlighted the figure, stating, "A major boost for the economy. The nation's third quarter of GDP growth get this just released moments ago showing the U.S. economy grew at an annual rate of 3.4 percent."
Expectations had been set at 3.2 percent, making the result a significant upside surprise. "Now it's surpassing expectations and showing the strength of the overall economy," the account noted, adding, "So major boost to President Trump's economic agenda."
Labor Market Remains Strong
In another sign of economic resilience, U.S. weekly jobless claims hover near 57-year lows, a tight labor market under the Trump administration.
The combination of robust growth and historically low unemployment claims paints a picture of an economy firing on all cylinders, driven by pro-growth policies that have attracted record investment to the United States.
