A pumpjack sits on the outskirts of town at dawn on January 21, 2016 in the oil town of Midland, Texas. (Photo by Spencer Platt/Getty Images)The U.S. economy expanded 1.9 percent between October and December, government data showed Friday morning, capping off a long period of tepid expansion under the Obama administration. For the full-year 2016, the economy expanded 1.6 percent, government data showed, down from an increase of 2.6 percent the prior year. The economy surged to 3.5 percent growth in the third quarter, driven partly by an unusually large volume of soybean exports. While GDP growth has been somewhat tepid, data from the jobs market gives a picture of a stronger economy.

Source: Washington Post January 27, 2017 13:30 UTC