Day: April 25, 2024

Employers

Economic Growth Slows in Q1, with GDP Below Expectations

Staffing Industry Analysts (04/25/24) In the first quarter of the year, US gross domestic product (GDP) growth decelerated to an annual rate of 1.6%, down from 3.4% in the previous quarter, according to the US Bureau of Economic Analysis. This growth rate was lower than the consensus forecast of 2.2%, reported by US News and World Report. The slowdown primarily resulted from decreased consumer spending,

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