Leading Indicators Edge Up in December
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An index designed to predict the direction of the U.S. economy rose for a third month, indicating growth will pick up by midyear.
The Conference Board’s index of leading economic indicators rose 0.1% in December, after gains of 0.5% in November and 0.2% in October. The string of increases was the longest since the four months that ended in March. Economists had expected no change in the index.
A separate report by the Labor Department found first-time claims for state unemployment benefits rose by 18,000 last week to 381,000, while the four-week average fell for a third straight week to 386,500 from 388,500.
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