The two latest economic indicators both point to modest, steady-as-she-goes growth:
-- Gross domestic product grew at a moderate 2.5 percent annual rate in the second quarter, . That's exactly what the agency reported for the April-June quarter.
The new number also means BEA has now repeated that its initial growth estimate for the quarter ( ) was too low.
-- There were 305,000 first-time claims for unemployment insurance filed last week, down by 5,000 from the week before, . Claims continue to run at their lowest pace since mid-2007. But job growth has not picked up enough yet to bring the nation's jobless rate below 7 percent.
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