US growth bounces up before vote
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The US economy picked up speed in the third quarter to expand at a 3.7 percent annual rate, the government reported Friday in the last significant look at the economy before Election Day on Tuesday.
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U.S. stocks rose for a third straight day on Friday in a post-election rally after a government report showed strong jobs growth last month, boosting hopes that the economic recovery is taking hold.
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Increased spending by consumers and business helped US economic growth rise at a higher-than-predicted rate in the July to September period.
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US consumers delivered good news to the economy on Thursday, as data for July showed spending on goods and services was growing more quickly than at any time this year.
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The US economy grew at a 3.9 percent annual pace from July through September, faster than initially estimated last month, as consumers spending strengthened.
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The U.S. economy grew at a stronger than expected pace during the final quarter of last year, boosted by robust spending and slowing inflation that more than offset the biggest decline in residential investment in 15 years, a government report on Wednesday showed.
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Business activity in the U.S. Midwest  grew in September at a faster-than-expected rate, hinting that  the economy is climbing out of its summer slow patch, a report  showed on Thursday.
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US manufacturing activity remained strong in September and construction spending surged to a record high in August, according to a pair of reports issued Friday that provided an optimistic look at the sturdiness of the economy.
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US retail sales rose by more than expected in September, easing worries that growth in the world's top economy is in danger of slowing down.
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Stocks rose on Friday after a  government report showed the U.S. economy added twice the  number of jobs than had been expected last month in a positive  sign for economic growth.
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Robust business investment helped  push U.S. second-quarter growth ahead at an upwardly revised 4  percent annual rate, the government reported on Thursday, the  fastest pace since early last year but one that is unlikely to  be sustained.
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US industrial production and new home construction rose sharply last month, suggesting that the economy is overcoming high energy prices and rebounding from the summer slump.
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The US economy added a better-than-expected 132,000 jobs last month, official figures show.
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Robust business investment helped push U.S. second-quarter growth ahead at an upwardly revised 4 percent annual rate, the government reported on Thursday, the fastest pace since early last year but one that is unlikely to be sustained.
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The pace of US jobs growth picked up modestly last month while unemployment fell, handing George Bush a potential boost ahead of the presidential election on November 2. The US labour department said yesterday
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US job growth revived last month, the government reported Friday, providing fresh ammunition for the presidential candidates as they debate the strength of the economy in the final two months before the election.
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U.S. consumers spent more than expected in January and manufacturing unexpectedly rose in February, according to reports on Thursday that suggested the economy was poised to grow even as inflation remained a risk.