Gavin Newsom Is Crushing the Field In This 2028 Preview
Corrupt Illinois Mayor Thinks She Can Win in Georgia As a Republican
Active Shooter at Temple Israel in West Bloomfield, Michigan
Check Out What London Is Now Recommending City Buses Carry for Some Unspoken...
Gunman Dead After Opening Fire at Old Dominion University in Norfolk, Virginia
Senator Josh Hawley Makes Major Announcement About Popular Abortion Pill
Women Do Not Have to Compromise on Trans Rights
UK Schools Warned Students' Drawings Could Be 'Blasphemous.' Take a Guess Why.
Mother of the Virginia Woman Murdered by a Violent Criminal Illegal Alien Speaks...
No Comparison: Prophet vs. King
President Trump Unloads on Thomas Massie at Kentucky Rally: ‘We Gotta Get Rid...
Tim Burchett Blasts ‘Snobs’ Attacking Trump DHS Nominee Markwayne Mullin Over Lack of...
Just Days After ISIS-Inspired Terror Attack in NYC, Here's What Mayor Mamdani Is...
Here's What Trump Had to Say About Those Iranian Sleeper Cells
Trans Mania Sweeps New Mexico Schools – Even Elementaries Will ‘Affirm’ Gender Choices
Tipsheet

The Q3 US GDP Number Has Dropped...and the Media Are Calling It 'Unexpected'

The Q3 US GDP Number Has Dropped...and the Media Are Calling It 'Unexpected'
AP Photo/Mark Schiefelbein

Here's some excellent news for your Tuesday morning. Following a delay in reporting, thanks to the Democrats' Schumer Shutdown, we now have the Q3 GDP numbers, and they've exceeded expectations, coming in at +4.3 percent.

Advertisement

"We're looking for 3.3. Zoom, zoom, zoom! 4.3 percent," said the CNBC host. "That is a nice jump."

This would be the strongest quarter since Q3 of 2023.

Consumer spending grew much faster than government purchases in Q3, adding 2.39 percentage points (while the government added just 0.39 percentage points).

Here's more from Axios:


The U.S. economy expanded at a 4.3% annualized pace in the third quarter, according to a government-shutdown delayed report from the Commerce Department on Tuesday.

Why it matter: Despite consumers' low marks on the Trump economy, growth was much stronger than expected, helped by stronger consumer spending and AI investment.

Zoom out: The third-quarter expansion follows the 3.8% annualized growth in the second quarter, after the economy shrunk by 0.6% in the first three months of the year.

  • Both of those figures were impacted by the effects of the tariffs.
  • At the start of the year, a rush to import goods before tariffs took effect weighed on GDP. The unwind of that activity helped boost growth in the second quarter.

The big picture: The solid GDP figure in the third quarter is somewhat at odds with a sluggish labor market that has prompted the Federal Reserve to cut interest rates three times this year.

  • Strong growth has typically translated into strong hiring, but that hasn't been the case in recent months. Hiring has been slow, and over the summer, employers shed workers on net.

The bottom line: The economy had momentum heading into the final quarter of the year, a bragging point for the Trump administration that is seeking to sell its economic agenda.

Advertisement

Of course, expect the media to say this growth was "unexpected."

This is good news heading into 2026, when the economy will be a major factor in the midterm elections.

Editor’s Note: Thanks to President Trump’s leadership and bold policies, America’s economy is back on track.

Help us continue to report on the president’s economic successes and combat the lies of the Democrats. Join Townhall VIP and use promo code MERRY74 to get 74% off your membership.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement