The U.S. economy expanded at a much faster pace than initially estimated last quarter, according to new Commerce Department data released Thursday. Gross domestic product grew at a 3.8% annual rate in the April–June period, topping both the government’s previous 3.3% estimate and the initial 3% reading. It was the strongest showing since the fall of 2023, underscoring the economy’s resilience despite high borrowing costs and persistent inflation.

It comes amid a flurry of revisions of major economic data, including a definitive finding that nearly 1 million fewer jobs were created between March 2024 and March 2025, which one analyst saw as proof that AI is “automating away” entry-level jobs. The revised GDP figure reflects stronger consumer demand and business investment than earlier me

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