http://www.zcommunications.org/dissecting-the-u-s-gdp-slowdown-and-prospects-for-recovery-in-2012-by-jack-rasmus
Dissecting the U.S. GDP Slowdown & Prospects for Recovery in 2012
By Jack Rasmus
Sunday, May 06, 2012
Last Friday, May 4, the U.S. labor department released its jobs numbers
for April, confirming a prediction made by this writer this past winter
that employment creation would once again slow this spring—for the third
time in as many years. An analysis of the jobs numbers will be addressed
in another article to follow. For present purposes, however, the jobs
numbers for April confirm the first quarter’s U.S. GDP slowdown—to a
2.2% growth rate for the US economy for January-March 2012 from the
fourth quarter 2011’s GDP growth rate of 3.0%--shows clear signs of
continuing into this spring.
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