Third quarter strong, jobless claims up
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The U.S. economy grew at its fastest rate in four years during the third quarter, the government confirmed on Thursday, but a surge in new claims for jobless benefits showed the labor market is softening.
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The economy revved up its engine in the third quarter and advanced at an annual rate of 4 percent --  even faster than previously thought.
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The U.S. Federal Reserve on Tuesday  raised interest rates for the third time this year by a quarter  of a percentage point and said the economy was regaining  momentum, signaling at least one more to come.
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The number of Americans filing new claims for unemployment benefits rose last week by 20,000, the largest jump in a month, the Labor Department reported Thursday.
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U.S. business productivity mounted at a much stronger-than-expected 3.0 percent annual pace in the fourth quarter, according to government data on Wednesday, while unit labor costs rose slightly less than predicted.
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The labor market is holding steady, businesses are rebuilding inventories and the consumer is still spending, all signs pointing to stronger economic growth in the latter part of this year.
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The number of Americans filing initial claims for jobless benefits rose less than forecast last week and held below the year&#39;s average, a government report showed today.
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The economy grew at a 3.7 percent annual rate in the third quarter &#151; a pace slightly better than in the spring but not as strong as many analysts expected. Friday's government report was the last broad snapshot of economic activity before Election Day and provided political ammunition for both sides.
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The economy picked up a little more speed during the summer quarter from July through September, expanding at a 3.7 percent annual rate, the government reported yesterday.
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The U.S. jobs market showed some signs  of strength in June as private employers added more jobs than  expected and planned layoffs decreased, but initial claims for  unemployment insurance edged up last week, reports showed on  Thursday.
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U.S. business productivity rose at a much stronger-than-expected 3.0 percent annual pace in the fourth quarter while unit labor costs moderated, in good news for the inflation-wary Federal Reserve.
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The number of U.S. workers seeking jobless benefits rose by an unexpectedly steep 12,000 last week to 321,000, government data showed on Wednesday, but remained at levels pointing to a healthy labor market.
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The U.S. economy grew at a healthy 3.7 percent annual rate in the third quarter this year, bolstered by strong consumer spending and accompanied by the lowest inflation in decades, the Commerce Department said on Friday.
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US economic growth picked up in the third quarter, fuelled by strong consumer spending, official figures show.
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New orders for U.S.-made durable  goods rose much more than expected in June and the number of  workers filing for unemployment benefits fell last week,  according to government reports on Thursday that showed strong  business activity.
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The US economy increased at an annual rate of 4 percent in the third quarter of this year following a rate of 3.3 percent in the previous quarter, the Commerce Department reported on We dnesday.
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WASHINGTON  -The U.S. economy added a stronger-than-forecast 132,000 jobs in November, the government reported on Friday, though the unemployment rate edged up slightly from October.