The economy grew at a 3.5 percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes.
The report from the Commerce Department Thursday, indicates the economy is entering a new phase of recovery.
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Fed survey shows economy ended 2011 with strength (AP)
AP - The final weeks of 2011 were the economy's strongest since it appeared to be slipping toward recession in late spring.
Despite Growth, China Too Faces Debt Problems
By all appearances, China has been one of the countries least affected by the global downturn in recent years. But the Chinese government stepped up spending to keep its economy going, and...
Economy Mutes A Longtime Louisville Record Shop
John Timmons recently closed ear X-tacy, a record store he'd owned for 26 years. "People have priorities, and music is just not a top priority right now. That's what's really taken its toll...
Economy Shows Modest Growrth
The economy grew at a 2.5 percent annual rate in the third quarter after coming to a near standstill in the first six months of the year.» E-Mail This » Add to Del.icio.us...
Economy added 103,000 jobs in September (AP)
AP - The United States added 103,000 jobs in September, an improvement over this summer and just enough to calm fears of a new recession that have hung over Wall Street and the nation for...
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