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During the second quarter, the GDP lost 32.9%.
Personal income increase 1.1 percent in February after a 3.7 percent drop the month prior, according to the Bureau of Economic Analysis.
U.S. private sector employers are projected to have added 162,000 new jobs in September, according to a report released by payroll services firm Automatic Data Processing (ADP) Inc.
In advance of the Commerce Department’s announcement that the U.S. economy added 243,000 jobs in January, New York Comptroller Thomas DiNapoli painted a dimmer picture of the state’s own recovery.