The number of Americans filing for first-time jobless benefits fell last week to a seasonally adjusted 280,000. The number of new unemployment claims beat the 290,000 expected, the Labor Department said on Wednesday,
The Commerce Department Tuesday announced Tuesday an upward revision of GDP in the U.S. economy from 3.9 percent to 5 percent. The new number means the U.S. economy grew at its quickest pace in 11 years in the third quarter.
Still, despite the recent positive news, the pace of growth is likely than not to slow in the fourth quarter.