Stronger job growth along with a pickup in consumer and business spending have many economists projecting third-quarter growth to clock in between 3% and 4%. Forecasting firm Macroeconomic Advisers predicts 3.6% annual growth from July through September. If that materializes, the economy will have grown at a pace of at least 3.5% for four of the past five quarters. That hasn’t happened since the late 1990s.

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