Money

Still anemic: U.S. growth picks up to only 0.8%

Written by Teunis Felter

U.S. economic growth between January and March was 0.8% compared to the same time frame a year ago. That’s better than the initial estimate of 0.5%, which came in April, but still pretty sluggish. Consumers spent a little more than first estimated. They popped for long-term items like roofs and kitchen counter tops. State and local government spending also jumped more than initially believed. The slightly better news on growth comes against the backdrop of a strong job market: the unemployment rate is 5%, down from 10% in the worst of the Great Recession. Many economists say the job market is at or near full employment.

http://money.cnn.com/2016/05/27/news/economy/us-economy-gdp-first-quarter/index.html

About the author

Teunis Felter

Teunis Felter has over 20 years experience as an author, editor, and scientist. When not exploring outside, he enjoys reading history, researching genealogy, and civilly discussing politics.