This third edition of the Quarterly Economic Digest (QED), a new publication by the Democratic staff of the Joint Economic Committee, is designed to serve as a resource for Members of Congress and their staff who are interested in following national economic trends. This issue covers the third quarter of 2016.

The QED is organized into 10 sections:

• Job Growth and Openings: Job Growth Rebounds
• Employment: Trend Towards Full Employment Continues, But Some Slack Remains
• GDP Growth: Strong Growth Despite Slowing in Consumer Spending
• Private Investment: Business Investment Remains Virtually Unchanged
• Personal Income and Spending: Consumer Spending Slows, Still Solid
• Housing: Mixed Signals
• Global Economy: Uncertainties Continue to Put a Drag on Growth
• Financial Markets: Strong Post-Election Reaction
• Monetary Policy: A Rate Hike Appears to be Imminent
• Fiscal Policy: State and Local Government Spending Declines; Federal Spending Rises