The economy grew at a record pace in the third quarter, the Commerce Department reported Thursday, recovering a good chunk of pandemic losses but still below where it ended 2019.
The gain in quarterly gross domestic product—the value of all goods and services produced across the economy—helps offset a record drop in output earlier in the year when the virus and related shutdowns disrupted business activity across the country. The economy rebounded in the third-quarter as businesses reopened, employers restored many jobs, the…
