Chart of the Day: GDP Growth in Q2

The US economy grew 4.1 percent in the second quarter:

That’s a big number, but it might be an outlier. GDP is a little unusual in being routinely reported as growth from the previous quarter, rather than the more normal growth over the previous year. Year-over-year growth is less noisy and is therefore a better guide to what’s really going on, so I’ve included both in my chart this time around. As you can see, YOY growth was 2.8 percent in Q2, and this number has been growing steadily since early 2016. This is a positive sign, and who knows? Maybe we’ll hit 3 percent by the end of the year.

Either way, though, I think 2.8 percent—which is a perfectly strong number—is most likely the best indicator of actual economic growth right now. Time will tell how long we can keep this up.

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You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

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