Finance and Economy

Economic growth is halfway there, livin’ on a prayer

By Washington Examiner
Published October 30, 2017 4:01am ET
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Economic growth is halfway there, livin’ on a prayer
Senate Majority Leader Mitch McConnell, R-Ky., takes a question from a reporter following a meeting with President Donald Trump on his tax reform agenda on Capitol Hill in Washington, Tuesday, Oct. 24, 2017. | Andrew Harnik

Despite massive hurricanes and Congress’ failure to pass free-market healthcare reforms, the economy grew at an annual rate of 3 percent in the third quarter of 2017, exceeding even the expectations of President Trump.

Perhaps spurred by the good economic news, the Dow Jones Industrial Average, NASDAQ, and S&P 500 all closed at near-record highs on Friday. And earlier in October, the Bureau of Labor Statistics announced that, at 4.2 percent, the unemployment rate is at its lowest point since February 2001.

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