US GDP Revised to 3.1% as Jobless Claims Fall

The US economy remains strong with a GDP growth of 3.1% and personal consumption rising to 3.7%. Jobless claims have decreased, influenced by the Thanksgiving holiday. However, there is a noted slowdown in manufacturing, with the Philadelphia Fed business outlook and Empire index showing declines. Prices paid have increased, while prices received have decreased, indicating varied economic pressures. Overall, the economy is stable, with changes in GDP largely due to personal consumption and a decrease in inventory levels.

What trend was observed in prices paid and prices received?

What was the level of inventories mentioned in the text?