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The Federal Reserve's policy makers, echoing the incipient optimism, said in a statement issued Wednesday, at the end of a two-day meeting, that the outlook had "improved modestly" and that the Fed would continue to pump tens of billions of dollars into the economy to keep credit flowing.
The Federal Reserve, in a survey of its 12 districts, noted on Wednesday that the labor market had improved modestly, but the Fed chairman, Ben S. Bernanke, told lawmakers that "until we see a sustained period of stronger job creation, we cannot consider the recovery to be truly established".
The improved jobless filings came a day after the payroll processing company ADP said private employers added 217,000 jobs last month, well above the 180,000 analysts had predicted, and the Federal Reserve noted in its regional survey that the labor markets had improved modestly across the country.
P-TECH began in 2011 when our data had indicated that while high school graduation rates in New York and across the nation had improved modestly over the prior decade, while college completion rates – especially for low-income students – had barely improved at all.
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The incidence of poverty has improved modestly over the recovery.
Readings on core inflation have improved modestly in recent months.
Consumer spending remains tepid, though it has improved modestly in recent months.
Harvests have improved modestly in recent years, but rusting farm machinery is useless without spare parts or fuel.
Japan's economy has improved modestly for the last five months, but recession-weary consumers remain hesitant to spend.
Mr. Santorum performed strongly in the Thursday debate and his standing has improved modestly in the polls.
Economic conditions have improved modestly since the Fed began its latest round of asset purchases last September.
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