Posted on 10/16/2018 8:53:28 AM PDT by Olog-hai
U.S. industry expanded again in September despite the impact of Hurricane Florence.
The Federal Reserve said Tuesday that industrial production, which includes output at factories, mines and utilities, rose 0.3 percent last month. It was the fourth straight increase. The Fed said that Florence reduced September output growth by less than 0.1 percentage points.
Over the past year, industrial production rose 5.1 percent.
The increase was slightly higher than economists had expected and offered more evidence that the U.S. economy is in good health. Overall economic growth reached 4.2 percent from April through June, fastest in nearly four years. The U.S. unemployment rate has dropped to 3.7 percent, lowest since 1969. …
(Excerpt) Read more at apnews.com ...
For those who think 0.3% is trivial, remember, that’s triple Elizabeth Warren’s possible 1/1000 Indian. That makes it a big deal.
we’re going to have to redefine “unexpected” in the context of economics, lol
Well, their Prophet Obama declared that such jobs were “not coming back”.
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