Economy expands 3.8% second quarter, higher than expected

[Mik]

https://www.msn.com/en-us/money/markets/us-economy-expanded-at-a-surprising-3-8-pace-in-significant-upgrade-of-second-quarter-growth/ar-AA1NhQ0Z

[Axtremus]

So ... you folks believe this "revision" is legit? You you trust the revised numbers this time?

[Mik]

AP trusted it enough to publish it.

[89th]

I could see it. The decrease of imports (tariffs) would increase the GDP, no? Rocking a toddler to sleep right now so I didn’t read it yet.

[Axtremus]

@Mik said in Economy expands 3.8% second quarter, higher than expected:

AP trusted it enough to publish it.

Ah, trusting the mainstream media this time, right?

[Axtremus]

https://www.cnn.com/2025/10/01/economy/adp-private-jobs-report-september

US private-sector businesses lost 32,000 jobs in September, according to the report. August’s previously estimated 54,000 payroll gains were downwardly revised to negative 3,000.

According to ADP.

[jon-nyc]

@89th said in Economy expands 3.8% second quarter, higher than expected:

I could see it. The decrease of imports (tariffs) would increase the GDP, no?

Yep. From the piece:

Imports fell at a 29.3% pace, boosting April-June growth by more than 5 percentage points.

[jon-nyc]

@Axtremus said in Economy expands 3.8% second quarter, higher than expected:

https://www.cnn.com/2025/10/01/economy/adp-private-jobs-report-september

US private-sector businesses lost 32,000 jobs in September, according to the report. August’s previously estimated 54,000 payroll gains were downwardly revised to negative 3,000.

According to ADP.

Biden never had a negative month of private sector non-farm employment. Trump has had two in a row.