The U.K. created 250,000 jobs in the three months to November, the biggest quarterly increase since records began in 1971.
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The U.S. economy is off to such a good start in 2014 that annual growth could hit 3% for the first time since 2005, Treasury Secretary Jack Lew said Thursday.
"We have a good first quarter underway, I believe," Lew said at the World Economic Forum in Davos, Switzerland. Lew was reluctant to make a specific prediction about the rate of expansion this year, but said there were reasons to believe growth in the world's biggest economy would "break through 3%."
He believes that, freed from last year's drag of tax rises and spending cuts, and with business confidence strong, the economy should accelerate sharply from last year.
