http://www.nationalpost.com/financialpost/story.html?id=8FB1F890-F87A-495D-869F-A585FE4ECDABWASHINGTON - The U.S. Federal Reserve has joined economists in cautiously suggesting the economy is showing signs of improvement even though it is not producing jobs.
In its "beige book" survey, the Fed said yesterday the economy "continued to improve" over the summer with 11 of the Fed's 12 regional districts reporting improved business activity.
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The Fed's review follows recent economic data and views from economists that the U.S. economy is improving, with growth expected to hit a high of 5% this quarter, up from 3.1% during the second quarter and 1.4% during the first three months of the year.
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blah, blah, blah, blah -- but no jobs are resulting from the "improved economy" :(