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Economic Preview: Brisk hiring, rising wages keep economy trudging ahead with no recession in sight

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The U.S. economy is in slow but steady jog. Is is ready to rip?

Think of it as The Loneliness of the Long Distance Runner. That’s how things are shaping up for the U.S. economy, which continues to drudge forward, albeit at a moderate pace, as the rest of the world stumbles.

Looking ahead, there are a smattering of new reports expected this week, including how many new jobs were created in September, which is likely to show the economy sticking to its steady-eddy route. Employment probably grew by nearly 200,000 jobs last month to keep the unemployment rate under 5%, but manufacturers are still struggling to expand and business investment remains soft.

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