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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (95388)11/15/2010 3:31:46 PM
From: JakeStraw1 Recommendation  Read Replies (1) of 224820
 
The recovery in the U.S. economy and labor market is expected to be modestly slower in the fourth quarter than previously expected, according to a survey of forecasters released on Monday.

The Federal Reserve Bank of Philadelphia's survey of 43 professional forecasters sees the economy growing at an annual rate of 2.2 percent in the current quarter, down from the estimate of 2.8 percent three months ago.

The unemployment rate was forecast to be 9.6 percent in the fourth quarter, in line with the previous estimate. But forecasters revised down the growth in jobs expected over the next four quarters.
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