U.S. third quarter GDP growth of negative 0.3 percent the economy into recession

U.S. consumer spending hit a 28-year low record, the United States in the third quarter of negative GDP growth, marking the U.S. economy into recession.
U.S. Department of Commerce data released Thursday showed that in the third quarter year-on-year GDP growth rate of negative 0.3 percent. This is the third quarter of 2001 GDP growth of 1.4 percent since the worst record.
U.S. second quarter GDP growth rate of 2.8 percent.
The economic recession from the sharp reduction in consumer spending, and consumer spending is driving growth in the U.S. economy's main driving force. In the third quarter of the total amount of negative growth in consumer spending 3.1 percent, a record in 1980, the lowest since record.
The Labor Department said Thursday, to Oct. 25 until the week of the United States the number of people applying for unemployment benefits for 479,000 people, and last week the same data. This data is higher than previous market expectations of 475,000 people.
The number of applications for unemployment benefits in more than 400,000 people have been regarded as one of the signs of an economic recession.
The dismal economic data released report from the November 4 U.S. presidential election day less than a week. Whether Obama or John McCain coming into the White House, the next president will face an economic mess, as well as a record budget deficit, its domestic policy is obviously a huge challenge.
Many economists believe the economic recession will continue into next year. Wednesday the Federal Reserve has announced that the federal benchmark interest rate down to 1%. The level of interest rates over the past half century there have been only once. F
ederal Reserve Chairman Ben Bernanke warned that even if the government implemented 700,000,000,000 U.S. dollars rescue package, as well as other financial assistance and credit market success of economic weakness will continue for a long time.
At present, the unemployment rate remained at a high of 6.1 percent, and next year is expected to reach 8% or even higher level. Layoffs, pension and retirement benefits shrinking, as well as the continued decline in housing prices will have to shrink so that domestic consumer spending further.
Consumers cut spending in the image, the report showed the economy of the United States disposable income in the third quarter, down 8.7 percent year-on-year, a record since 1947's worst record. In the third quarter of consumers in the automotive, furniture, appliances, clothing and other expenses are shrinking. Government to bring back to the tax effect of the stimulation has been completely disappear.
In addition to consumer, business spending are the same fierce shrinking. In the third quarter of businesses in the office of hardware and software spending dropped by 5.5 percent, since the first quarter of 2002, the largest drop since.
Business investment in real estate construction in the third quarter fell 19.1 percent, a record 11th consecutive quarter of record fell.
Export growth is also slowing down GDP data led to the tragic. Due to the spread of the global financial crisis, overseas demand is decreasing. In the third quarter of the export growth rate of 5.9 percent, a growth rate of 12.3 percent in the second quarter of a substantial decline. Accompanied by economic recession, there will be an increase in the rate of inflation. The Commerce Department report showed that excluding food and energy prices rise beyond 2.9%, 2.2% in the second quarter has been up. Although the data in the U.S. Federal Reserve's forecast above, but the Fed has made it clear that the economy will be weak in the next few months down the inflation rate, at the same time that its priority task for us is to stimulate economic recovery.
由于美国消费者支出创下28年来的最低纪录，美国第三季度GDP出现负增长，标志着美国经济陷入衰退。
美国商务部周四公布的数据显示，第三季度GDP同比增长率为负0.3%。这是自2001年第三季度GDP增长1.4%以来的最差纪录。
美国第二季度GDP增长率为2.8%。
经济的衰退源于消费者支出的剧烈缩减，而消费者支出是拉动美国经济增长的最主要动力。第三季度消费者支出总额负增长3.1%，创下了1980年以来的最低纪录。
劳工部周四则表示，至10月25日为止的一周美国申领失业救济的人数为47.9万人，与上周数据持平。这一数据高于此前市场预期的47.5万人。
失业救济申请人数在40万人以上就被视为经济衰退的标志之一。
这份惨淡的经济数据报告的出炉距离11月4日美国大选日不到一周。无论未来奥巴马还是麦凯恩入主白宫，下一任总统都将面对一个经济烂摊子，以及创纪录的财政赤字，对其国内政策无疑是个巨大的挑战。
许多经济学家都认为经济的衰退将延续至明年。美联储周三已经宣布将联邦基准利率下调至1%。这一利率水平在过去的半个世纪中仅仅出现过一次。
美联储主席伯南克警告说，就算政府方面实施7000亿美元的救市计划以及其他援助金融和信贷市场的措施获得成功，经济的疲软还将持续相当长的时间。
失业率目前维持在6.1%的高位，而预计明年将达到8%甚至更高的水平。公司裁员，养老金和退休金的缩水以及房价的持续下滑都将让已经萎缩的国内消费支出雪上加霜。
在消费者大幅削减支出的表象之下，经济报告显示美国人的可支配收入在第三季度同比下跌了8.7%，创下了1947年以来的最糟糕的记录。第三季度消费者在汽车、家具、家电、服装和其他方面的的支出都在萎缩。政府返税带来的刺激效应已经完全消失。
除了消费者之外，商业机构的支出同样也在剧烈萎缩。第三季度商业机构在办公硬件和软件方面的支出下跌了5.5%，是自2002年第一季度以来最大幅度的下跌。
房地产建筑商的投资第三季度下跌了19.1%，创下了连续第11个季度下跌的记录。
出口方面增长出现放缓也是导致GDP数据惨烈的原因。由于金融危机蔓延全球，海外市场需求正在减少。第三季度的出口增长率为5.9%，增速较第二季度的12.3%出现大幅下滑。
伴随经济衰退而来的还有通货膨胀率的上升。商务部的报告显示，除去食品和能源之外的价格水平上涨了2.9%，较第二季度的2.2%有所上扬。尽管这一数据在美联储的预估之上，但是美联储已经明确表示经济的疲软将在未来几个月内压低通货膨胀率，同时表示其当前的首要任务是刺激经济的复苏。