NEW YORK (Reuters) - The U.S. economy is on track to expand at a 3.7 percent annualized pace in the third quarter, the Atlanta Federal Reserve's GDP Now forecast model showed on Friday, following the release of the government's July payrolls report.


The latest third-quarter gross domestic product estimate was weaker than the previous one for 4.0 percent growth, calculated on Thursday, the Atlanta Fed said.


(Reporting by Richard Leong; Editing by Bernadette Baum)