Matthew Yglesias is on vacation.
The United Kingdom’s Office for National Statistics has announced a 0.8 percent increase in economic output between July and September (the third quarter). It follows a 0.7 percent increase in GDP from the previous quarter, and it is also the second strongest for the U.K. since 2008. Growth in services accounted for the vast majority of the increase.
The relatively good yet totally tepid figures should help America feel slightly little better about its own soft numbers and its recent debt ceiling disaster. Unfortunately for the U.K., GDP is still significantly below precrash numbers, while our output exceeded our precrash peak in 2011.
TODAY IN SLATE
The Right Target
Why Obama’s airstrikes against ISIS may be more effective than people expect.
The One National Holiday Republicans Hope You Forget
It’s Legal for Obama to Bomb Syria Because He Says It Is
I Stand With Emma Watson on Women’s Rights
Even though I know I’m going to get flak for it.
Should You Recline Your Seat? Two Economists Weigh In.
It Is Very, Very Stupid to Compare Hope Solo to Ray Rice
Or, why it is very, very stupid to compare Hope Solo to Ray Rice.
In Defense of HR
Startups and small businesses shouldn’t skip over a human resources department.