Strong But Concentrated Economic Growth

Published on November 2, 2026

The strength of the US economy during the third quarter was hardly a surprise. We expected economic growth of 3.5%, and the first estimate came in only slightly below that at a 3.4% quarter-over-quarter, seasonally adjusted annualized rate. Consumer spending and investment tied to the AI and data center buildout remained the primary drivers of growth.

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US Department of Labor launches Registered Apprenticeship incentive payments for high-growth industries

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