News

U.S. economy grew at brisk 4.2 percent in second quarter

U.S. economy grew at brisk 4.2 percent in second quarter

ECONOMY: In this Aug. 7 photo a worker assembles construction supplies at Northeast Building Products in Philadelphia. The Commerce Department's second estimate of growth for last quarter compares with its initial estimate of 4 percent. The revision reflected stronger business investment in new equipment and structures than first thought. Photo: Associated Press/Matt Rourke

MARTIN CRUTSINGER, AP Economics Writer

WASHINGTON (AP) — After a bleak start to the year, the U.S. economy rebounded vigorously in the April-June quarter, growing at a brisk annual rate of 4.2 percent, slightly faster than first estimated.

The upward revision supported expectations that the second half of 2014 will prove far stronger than the first half.

The Commerce Department’s second estimate of growth for last quarter compares with its initial estimate of 4 percent.

The revision reflected stronger business investment in new equipment and structures than first thought.

The seasonally adjusted 4.2 percent annual growth rate for the gross domestic product came after the economy had shrink at an annual rate of 2.1 percent in the January-March quarter, the biggest drop in activity since the depths of the Great Recession.

Recent Headlines

in Local Sports

QB Luke Falk in charge as Washington St opens season against Portland State

Fresh
washstate

This week, Leach announced that Falk would start against the Vikings. You can hear all the action between WSU & PSU on KPUG beginning at 10:00 a.m. on KPUG.

in Local Sports

Morrison, Seager help Mariners outslug A’s, 11-8

seattle mariners oakland athletics logos

Kyle Seager and Stefen Romero both homered while Brad Miller drove in three runs for the Mariners, who won their third straight to clinch the season series between the division rivals.

in Local Sports

Petersen falls short as No. 23 Broncos beat Huskies

Washington Huskies head coach Chris Petersen in action against Eastern Washington in an NCAA football game Saturday, Sept. 6, 2014, in Seattle. Washington won 59-52.

Jeremy McNichols rushed for 89 yards and two first-half touchdowns, and No. 23 Boise State withstood a second half filled with special teams mistakes for a 16-13 victory over Washington on Friday

in Local Sports

Prep football scoreboard – Week 1

high school football scoreboard dl

Check out the scores from around the Northwest Conference

in Local Sports

AP Source: Seahawks, Jackson agree on 1-year contract

This is a 2015 photo of Fred Jackson of the Buffalo Bills NFL football team. This image reflects the Buffalo Bills active roster as of Monday, June 15, 2015 when this image was taken. (AP Photo)

The person spoke to The Associated Press on Friday on a condition of anonymity because the deal has not been signed. NFL.com first reported Jackson and the Seahawks had agreed to terms.