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US GDP Grew at 3.5 % in Q3



GDP grew at a higher than expected 3.5 percent annual rate in the third quarter of 2014. The biggest factors in this growth were increases in defense spending and the export of goods, but these trends won't likely hold. Expect growth closer to 2.0 percent going forward. More in CEPR's GDP Byte

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Economy Adds More than 200,000 Jobs

The unemployment rate edged down to 5.8 percent in a mostly positive October jobs report. For the ninth month in a row the economy added over 200,000 jobs and the EPOP rose to 59.2 percent. In the latest CEPR Jobs Byte, though, Dean Baker cautions "It will take at least three more years at this pace of job growth to return to pre-recession employment rates."

Commodity Prices and Economic Growth in Latin America

A new report by economists David Rosnick and Mark Weisbrot debunks the oft-cited 'commodities boom' explanation for Latin America's faster economic growth in recent years. Higher export prices allowed countries to avoid current account imbalances, but faster growth was achieved through other factors, such as successful macro-economic policy choices.


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Latest release: Jobs Byte, November 7, 2014
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CEPR in the News

Obama is Still Pushing Two Giant Trade Deals — Here’s What You Need to Know
Moyers & Company, November 18, 2014


Life in a No-Vacation Nation
BBC, November 07, 2014


Minimum Wage and Sick Leave Victories Buck the Conservative Voting Trend
Forbes, November 05, 2014


Chris King on Ferguson, Mark Weisbrot on Brazil's Election
Counterspin (FAIR), October 31, 2014


Fast Food in Denmark Serves Something Atypical: Living Wages
The New York Times, October 27, 2014


The Risks of Income Inequality
The Diane Rehm Show, October 27, 2014

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