September employment statistics will be updated in the CQM forecast next week. The average real GDP growth rate between the expenditure and income side, as a better measure of economic growth, is 2.72% in 2024Q3. The higher economic growth on the income side is mainly due to low GDP price deflator. PCA revised upward real GDP growth from 2.26% to 2.51% in 2024Q3. This is because the positive effects on real GDP of September S&P500 and interest rate spread more than offset the negative effects of August real construction, real shipments and real inventories.