Tweet
</span> 
Unemployment remains stubbornly high in the US at 9.6%
The US economy grew at a faster pace than initially thought, figures show.
The economy grew at an annualised rate of 2.5% in the July-to-September period, up from an earlier estimate of 2%, the Commerce Department said.
Earlier this month, the US Federal Reserve said it would pump $600bn (£373bn) into the economy to try to boost the economic recovery.
Stronger spending by US shoppers, particularly on cars and "big ticket" items, contributed to the upgrade.
A rise in exports also helped boost growth.
But the unemployment rate remains stubbornly high at 9.6%.
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
Unemployment remains stubbornly high in the US at 9.6% The US economy grew at a faster pace than initially thought, figures show.
The economy grew at an annualised rate of 2.5% in the July-to-September period, up from an earlier estimate of 2%, the Commerce Department said.
Earlier this month, the US Federal Reserve said it would pump $600bn (£373bn) into the economy to try to boost the economic recovery.
Stronger spending by US shoppers, particularly on cars and "big ticket" items, contributed to the upgrade.
A rise in exports also helped boost growth.
But the unemployment rate remains stubbornly high at 9.6%.
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.