US GDP was up 2.6% annualized in 2022Q3 (https://www.bea.gov/data/gdp/gross-dome... | Hacker News

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erehweb on Nov 14, 2022 | parent | context | favorite | on: Amazon is said to plan to lay off thousands of emp...

US GDP was up 2.6% annualized in 2022Q3 (https://www.bea.gov/data/gdp/gross-domestic-product) and unemployment was 3.7% in Oct2022.

sokoloff on Nov 14, 2022 [–]

Worth making two observations on that GDP figure:

More importantly: that's a real (inflation backed out) not nominal (inflation ignored) figure

Less importantly: that's an advance estimate, not a final figure.

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