Real gross domestic product (GDP) grew 5.0 percent at an annual rate in the third quarter of 2014 — the strongest single quarter since 2003 — according to the third estimate from the Bureau of Economic Analysis.
2014 has seen dramatic reductions in the share of Americans without health insurance, reductions that correspond to an estimated 10 million people gaining coverage since before the start of open enrollment.
Job growth in November was strong, and the economy has now already added more jobs in 2014 than in any full calendar year since the late 1990s.
New data out today from the Office of the Actuary at the Centers for Medicare and Medicaid Services confirmed that 2013 was another year of historically slow growth in health care spending and that 2011, 2012, and 2013 saw the slowest growth in real per capita health care spending on record.
Today’s upward revision affirms that economic growth in the third quarter was strong, consistent with a broad range of other indicators showing improvement in the labor market, increasing domestic energy security, and continued low health cost growth.
The Economy in 2014
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December 2014
Updated Report: download as pdf
The Economics of Early Childhood Investments
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December 2014
The Economic Effects of Administrative Action on Immigration
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November 2014
11 Facts About American Families and Work
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October 2014
15 Economic Facts About Millennials
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October 2014
Recent Trends in Health Care Costs
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September 2014
The Cost of Delaying Action to Stem Climate Change
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July 2014
The Labor Force Participation Rate Since 2007: Causes and Policy Implications
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July 2014
An Economic Analysis of Transportation Infrastructure Investment
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July 2014
Missed Opportunities: The Consequences of State Decisions Not to Expand Medicaid
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July 2014
Work-Life Balance and the Economics of Workplace Flexibility
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June 2014
The Economics of Paid and Unpaid Leave
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June 2014
Nine Facts About American Families and Work
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June 2014
The Economics of Fatherhood and Work
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June 2014