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Labor Makes a Strong Case for U.S. Growth

Wall Street Journal (02/06/15) Justin Lahart

U.S. payrolls increased by 257,000 in January, up from the 237,000 forecast by economists. Gross domestic product grew by a 2.6% annual rate during the fourth quarter of 2014, and is expected to expand 2.4% in the first quarter of 2015. The data could indicate that productivity may be contracting but more likely demonstrates that the economy is expanding faster than the current data show.