Tag: US GDP

Saturday, April 29th 2017 - 15:11 UTC
Bad news for Trump: US economy growth slows strongly in first quarter, 0.7%

The US economy slowed dramatically in the first three months of the year, according to official data. GDP expanded at an annual rate of 0.7% in the first quarter - the slowest rate since the first quarter of 2014, which is unwelcome news for President Donald Trump who, during his election campaign, made a pledge to raise growth to 4%.
Saturday, January 28th 2017 - 11:53 UTC
US economy expands at an annual 1.6%; “Trumpconomics” promises 4% growth

The US economy grew at an annual pace of 1.9% in the fourth quarter of last year, according to official figures. That was slower than the 2.2% growth rate economists had been expecting and below third quarter growth of 3.5%, which means annual GDP rose by 1.6%, the slowest since 2011 and down on 2015 when the world's largest economy expanded by 2.6%.
Sunday, April 3rd 2016 - 07:43 UTC
US economy gains confidence: 215.000 more jobs in March and 1.4% growth in fourth quarter

The US economy added 215,000 jobs in March, a little less than it did in February when 242,000 jobs were created. The unemployment rate has risen to 5% from 4.9%, which was an eight-year low, but the Labor Department said more Americans were finding jobs, which suggested a sign of confidence in the US economy. In effect this follows the report on the US economy which grew at an annualized rate of 1.4% in the fourth quarter of 2015s.
Saturday, January 30th 2016 - 12:31 UTC
US growth slows down sharply to 0.7% annually in the fourth quarter

As anticipated by the Federal Reserve's report earlier this week, US economic growth braked sharply in the fourth quarter as businesses stepped up efforts to reduce an inventory glut and a strong dollar and tepid global demand weighed on exports.
Monday, June 1st 2015 - 06:50 UTC
US economy shrinks 0.7% in first quarter; harsh winter partly to blame

The US economy shrank 0.7% in the first three months of 2015, compared to the same period last year. The Bureau of Economic Analysis significantly revised down its earlier economic growth estimate of 0.2%.
Thursday, March 19th 2015 - 07:55 UTC
Fed no longer 'patient' about rates, but drops April and targets June

The U.S. Federal Reserve says it can no longer remain “patient” about changing rates, an indication that interest rate hikes could begin this spring. But in a news conference, Fed chair Janet Yellen said the central bank has not settled on the timing of the rate hike.
Saturday, March 7th 2015 - 08:29 UTC
US economy keeps creating jobs, while unemployment drops to 5.5%

US economy added 295,000 jobs in February, while the unemployment rate fell to 5.5% from 5.7%, according to Labor Department figures. It was the 12th month running that the economy added more than 200,000 jobs, the longest such run since 1994.
Wednesday, July 31st 2013 - 16:38 UTC
US economy performance better than expected; expansion in 2012 was 2.8%

The US economy grew at an annualised pace of 1.7% in the second quarter of the year, the Commerce Department has said. That was a faster pace than expected by economists. It was also up from the growth rate for the first three months of 2013, which was revised lower to 1.1% from 1.8%.
Monday, March 4th 2013 - 06:04 UTC
US fourth quarter GDP revised to positive, but still far from satisfactory

Gross domestic product (GDP) in the US in the last three months of 2012 has been revised from showing contraction to growth. The Commerce Department's second estimate was that the economy had grown at an annualised 0.1%. The first estimate was a 0.1% contraction.
Thursday, August 23rd 2012 - 01:38 UTC
US Congress budget office warns “fiscal cliff” is already holding back the economy

The US Congress budget office launched on Wednesday a stern warning: massive spending cuts and tax hikes due next year will cause even worse economic damage than previously thought if Washington fails to come up with a solution.