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US economy grew at 33% rate in 3rd quarter but recovery is incomplete

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People walk by the New York Stock Exchange (NYSE) in Manhattan's financial district on Oct. 28, 2020 in New York City. (Photo by Spencer Platt/Getty Images) WASHINGTON - The U.S.

economy grew at a sizzling 33.1% annual rate in the July-September quarter — by far the largest quarterly gain on record — rebounding from an epic plunge in the spring, when the eruption of the coronavirus closed businesses and threw tens of millions out of work.Yet the recovery from the deepest recession since the Great Depression of the 1930s remains far from complete.

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