The U.S. economy grew at the fastest pace in two years from July through September, the Associated Press reports.
Strong consumer spending, which makes up 70% of U.S. gross domestic product, pushed the GDP up 4.4%, up from 3.8% in the April-June quarter. Spending rose 3.5%.
Initial estimates put the growth at 4.3%.
The last time the economy grew this quickly was the third quarter of 2023.
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Meanwhile, the job market is weaker overall, with only 28,000 jobs added each month since March, compared to 400,000 per month in 2021-2023.
