New Jersey's economy kicked into a higher gear in December as the unemployment rate tumbled to 5.1 percent, but uncertainty over public pensions and a fund to pay for road and bridge work threaten the state's credit rating, according to a pair of separate reports out Thursday.
The U.S. economy grew at a slightly slower pace over the summer than the government had previously estimated. Most economists foresee a slight acceleration in the current quarter and stronger growth in the first half of 2016.
The U.S. economy slowed sharply in the summer, reflecting a cutback in businesses' stockpiling of goods, which offset solid consumer spending. But most economists think growth has been strengthening since the July-September quarter ended.