U.S. GDP Grew at Faster Pace; Jobless Claims Fell

Oct. 27 (Bloomberg) -- The U.S. economy grew in the third quarter at the fastest pace in a year. Gross domestic product, the value of all goods and services produced, rose at a 2.5 percent annual rate, Commerce Department figures showed today in Washington. Separately, first-time jobless claims decreased by 2,000 to 402,000 in the week ended Oct. 22, according to the Labor Department. Betty Liu and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)