The U.S. economy expanded at a 3.5% pace in the third quarter as consumers opened their wallets, businesses restocked inventories and governments boosted spending, marking the strongest back-to-back quarters of growth since 2014.

America’s service industries expanded in January at the fastest pace in at least a decade as a surge in orders led to a pickup in hiring, figures from the Institute for Supply Management showed Feb. 5.

U.S. filings for unemployment benefits jumped to the highest in five weeks, though the level remained low by historical standards, Labor Department figures showed Dec. 21.