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U.S. economy grew at a moderate 2.1% annual rate last quarter
The growth was slightly faster than predicted, but many economists say they think growth is slowing sharply.
Manufacturing makes up a small portion of the U.S. economy, but if the sector stalls, it could drag down related industries and disproportionately affect parts of the country where factories employ thousands of people.
China's economic growth slipped to 6% in the three months ending in September, down from the previous quarter's 6.2%.
When it comes to military, global economy, and global influence, the two most important countries in the world are China and the U.S. And in recent years, both sides of that rivalry have become more combative. For our new series,…
In the Fed's latest report on economic conditions nationwide, hiring increased modestly in most industries, though manufacturing employment declined in some areas.
The new estimate was lower than the government's initial estimate a month ago of 2.1% annual growth.
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