The trend over time.
What GDP Growth measures.
Real gross domestic product growth: the quarter-over-quarter change in inflation-adjusted output, expressed as an annualized rate, from the Bureau of Economic Analysis.
Annualized means the quarterly change is scaled up as if it lasted a full year, so a 0.5% quarter prints as roughly 2%. The first estimate is revised twice and then again in annual updates. Two consecutive negative quarters is a common rule of thumb for recession, but the NBER makes the official call.
Why it matters.
Slower GDP growth means less job creation and reduced raises across industries, which directly hits your paycheck and job security. It also affects home prices and investment returns, so your mortgage costs and retirement savings are on the line.