Economic growth revised down but jobless claims hit 44-month low

The U.S. economy grew at a sluggish annual rate of 1.8% from July through September, down from earlier estimates, the government said Thursday.

The new data threw some cold water on hopes that the economic recovery had picked up significant steam in the second half of the year. The initial estimate of third-quarter growth, released in October, was 2.5%, but the Commerce Department's Bureau of Economic Analysis has revised it down twice since then.

Read more at the Los Angeles Times