US fourth-quarter growth revised higher; labor market still strong
WASHINGTON (Reuters) -The U.S. economy grew faster than previously estimated in the fourth quarter, boosted by strong consumer spending and business investment in nonresidential structures like factories and healthcare facilities. Increasing profits, together with rising worker productivity, could encourage companies to retain their employees. Labor market resilience is underpinning consumer spending, keeping the economy afloat despite dire predictions of a recession in the aftermath of 525 basi