GDP Growth Falls to 1.8% in First Months of 2011
Economists and other Americans were disappointed to see the country's GDP growth slow to an aching 1.8 percent in the first quarter of 2011.
Economists and other Americans were disappointed to see the country’s GDP growth slow to an aching 1.8 percent in the first quarter of 2011.
A 3.1 percent rise was reported during the fourth quarter of 2010. Meanwhile, requests for unemployment benefits across the country rose 6 percent last week. –ARK
TRUTHDIG’S JOURNALISM REMAINS CLEARReuters:
U.S. GDP growth fell to 1.8 percent annual rate in the first quarter of 2011 after a 3.1 percent fourth quarter rise, the Commerce Department said on Thursday. Economists had expected a 2 percent growth pace.
The personal consumption expenditures price index rose at a 3.8 percent rate, its fastest pace since the third quarter of 2008, after increasing 1.7 percent in the fourth quarter.
[. . .] In another report, new weekly claims for U.S. jobless benefits jumped to 429,000 in the April 23 week, from 404,000 the prior week.
The storytellers of chaos tried to manipulate the political and media narrative in 2025, but independent journalism exposed what they tried to hide. When you read Truthdig, you see through the illusion.
Support Independent Journalism.
A former Treasury official who helped save Wall Street banks has said the biggest ones still "pose a significant, ongoing risk" to the economy. That's just one of the huge economic issues Sanders has plans to tackle if elected.
Has the era of American economic hegemony finally come to an end?
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.