U.S. growth slows to 4-year low in first quarter
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The U.S. economy grew slightly faster than previously estimated in the first quarter, but still at the weakest pace in more than four years and inflation was higher as well, data on Thursday showed.
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US economic growth slowed more than expected in the second quarter of 2006, revised official data says.
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The U.S. economy expanded by a weak 0.6 percent in the latest indication of a substantial economic slowdown.
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August employment grew at the slowest rate in four years.
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The U.S. economy should experience slower growth than originally anticipated for the remainder of the year and in 2007, the White House said Tuesday.
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U.S. growth skidded lower in the  fourth quarter and was the weakest in five years for all of  2007, according to a government report on Wednesday that  highlighted the toll an enfeebled housing sector has taken on  the national economy.
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The economy grew at a 0.7 percent annual rate in the first three months of this year, the weakest in more than four years.
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Business productivity growth was  revised down sharply as expected in the fourth quarter to an  annualized 1.6 percent pace, government data on Tuesday showed,  in a warning on inflation as labor costs soared.
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US economic growth should slow over the coming year as consumers cut back on spending, but improved business confidence should help hiring, a wide-ranging survey of forecasters found.
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U.S. growth slowed in some parts of the country last month and private employers hired fewer people than expected, according to reports on Wednesday that chime with other weak signals from the economy.
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Economic growth skidded to a near halt in the first quarter, with the worst showing in more than four years raising concerns about how long the country's sluggish spell will last.
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WASHINGTON -- Restrained by a worse-than-expected slump in housing, the economy will grow at the slowest pace in five years in 2007, leading economic forecasters say. They predict consumers will get a break on inflation from falling energy prices.
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The US economy slowed less than previously estimated in the second quarter as exports and inventories grew, revised numbers from the government show.
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Slumping corporate spending and exports caused the economy to slow to a crawl in the July-September period, with real gross domestic product expanding just 0.1 percent from the previous quarter, Cabinet Office data showed Friday.
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WASHINGTON -- The economy logged slower growth in the early fall as troubles in the housing and credit markets weighed on companies and individuals alike, the Federal Reserve reported Wednesday.
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GDP rose by only 0.6 percent last quarter, the slowest rate in one year.
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The US economy grew more slowly in the second quarter than first thought amid shrinking corporate profits and higher imports, the government said on Friday in a report