American economy expands at 2 percent pace
WASHINGTON – The latest snapshot of economic growth shows the U.S. recovery remains tepid.
Growth in the July-September quarter climbed slightly but still was too weak to stir significantly more hiring. The pace of expansion rose to a 2 percent annual rate from 1.3 percent in the April-June quarter, led by more consumer and government spending.
Voters who are still undecided about the presidential election aren’t likely to be swayed by Friday’s mixed report from the Commerce Department.
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