WKYT | Lexington, Kentucky | News

Economy grows at slightly faster pace

WASHINGTON (AP) - The economy grew at a slightly faster pace over the summer as Americans spent a little more freely.

The government reports the economy expanded at a 2 percent annual rate in the July-September quarter. It marked an improvement from the feeble 1.7 percent growth in the April-June quarter. Still, the economy isn't growing at a strong enough pace to make a noticeable dent in high unemployment.

Consumers boosted spending at a 2.6 percent pace. That marked the biggest quarterly increase since a 4.1 percent gain at the end of 2006 before the recession hit.


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