I hate to do this to you again, but Fox Business sent me a couple of new upbeat email alerts. I know, I know, too soon. But what's a blogger to do? If Fox is willing to share positive economic stories, well, hell, then so am I:
The number of Americans filing for first-time unemployment benefits fell last week to 298,000 from an upwardly revised 321,000 the week prior. Economists expected the number of claims to rise to 325,000 from an initially reported 316,000.
The Commerce Department reports the U.S. economy grew at an annual pace of 3.6% in the third quarter, the fastest since the first quarter of 2012, and higher than a previous reading of 2.8%. Economists expected growth to come in at 3%.
Too much Fox? Never fear, we here at The Political Carnival are fair and balanced. (Okay, fair and UNbalanced.) I also get email alerts from the New York Times to compensate for the ones from Fox Biz. Why, here's one now!
The economy expanded much faster than first thought in the third quarter, as the government on Thursday revised its estimate of growth in the period to a 3.6 percent annual rate from 2.8 percent.
That was significantly better than the 3.1 percent pace economists had been expecting, and it marked the best quarter for growth since the first quarter of 2012, when output jumped by 3.7 percent. It also marked the first time since then that growth had exceeded 3 percent.
Much of the improvement came from additional stocking up on inventory by businesses as well as a slightly improved trade picture.
I retort, you deride.