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US Economy Registers Slower Growth Than Expected

A new government report says the U.S. economy grew at a slower than expected rate between July and September.

The Commerce Department Friday said the U.S. gross domestic product grew at a 3.7 percent annual rate in the third quarter.

The rate was lower than the 4.3 percent rate experts had expected, but was still almost a half point higher than the previous quarter.

The gross domestic product report measures the value of all goods and services produced within the United States, and is considered the best measure of the economy's health.

The Commerce Department report is the last major economic report before the November 2 election.