Economy grows at modest pace
WASHINGTON (AP) – The latest snapshot of economic growth shows the U.S. recovery remains tepid.
Growth in the July-September quarter climbed slightly but was still 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.
The 1.7 percent annual growth rate for the first 9 months of 2012 remains slightly behind last year’s 1.8 percent growth.
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