Wall Street Journal (10/26/12) Jeffrey Sparshott; Eric Morath
U.S. economic growth improved in the third quarter as consumers and the federal government spent more and the housing sector picked up. GDP in the second quarter of 2012 was initially estimated at 1.5%, revised up to 1.7%, and then revised down to 1.3%. The slow pace of growth has contributed to high unemployment. So far this year, employment growth has averaged 146,000 jobs per month, a decline from 153,000 last year.
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