U.S. Economic Outlook. Quarterly developments
In the first quarter of 2018, the U.S. economy grew at an annualized rate of 2%, a slower pace than previously thought, but growth is expected to rebound in the current quarter. Growth was held back by the slowdown in consumer spending, which grew only 0.9% in the first quarter, after a 4% growth in...
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oai-11362-437452019-08-09T17:36:53Z U.S. Economic Outlook. Quarterly developments NU. CEPAL. Oficina de Washington CONDICIONES ECONOMICAS DESARROLLO ECONOMICO ESTADISTICAS ECONOMICAS MACROECONOMIA INDICADORES ECONOMICOS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC STATISTICS MACROECONOMICS ECONOMIC INDICATORS In the first quarter of 2018, the U.S. economy grew at an annualized rate of 2%, a slower pace than previously thought, but growth is expected to rebound in the current quarter. Growth was held back by the slowdown in consumer spending, which grew only 0.9% in the first quarter, after a 4% growth in the fourth quarter of last year. U.S. employers added 1,287,000 jobs during the first half of 2018. Unemployment rate was at 4% at the end of June. Compared with its pace before the 2008 recession, productivity growth is disappointingly slow. On a year-ago basis, unit labor costs were up 1.1% in the first quarter while productivity increased 1.3%, indicating acceleration in wages that nevertheless falls short of prerecession rates. 2018-07-16T19:34:24Z 2018-07-16T19:34:24Z 2018-07-16 Texto Documento Completo http://hdl.handle.net/11362/43745 LC/WAS/TS.2018/5 en .pdf application/pdf ESTADOS UNIDOS UNITED STATES ECLAC |
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Cepal |
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English |
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CONDICIONES ECONOMICAS DESARROLLO ECONOMICO ESTADISTICAS ECONOMICAS MACROECONOMIA INDICADORES ECONOMICOS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC STATISTICS MACROECONOMICS ECONOMIC INDICATORS |
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CONDICIONES ECONOMICAS DESARROLLO ECONOMICO ESTADISTICAS ECONOMICAS MACROECONOMIA INDICADORES ECONOMICOS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC STATISTICS MACROECONOMICS ECONOMIC INDICATORS U.S. Economic Outlook. Quarterly developments |
description |
In the first quarter of 2018, the U.S. economy grew at an annualized rate of 2%, a slower pace than previously thought, but growth is expected to rebound in the current quarter. Growth was held back by the slowdown in consumer spending, which grew only 0.9% in the first quarter, after a 4% growth in the fourth quarter of last year. U.S. employers added 1,287,000 jobs during the first half of 2018. Unemployment rate was at 4% at the end of June. Compared with its pace before the 2008 recession, productivity growth is disappointingly slow. On a year-ago basis, unit labor costs were up 1.1% in the first quarter while productivity increased 1.3%, indicating acceleration in wages that nevertheless falls short of prerecession rates. |
author2 |
NU. CEPAL. Oficina de Washington |
author_facet |
NU. CEPAL. Oficina de Washington |
format |
Texto |
title |
U.S. Economic Outlook. Quarterly developments |
title_short |
U.S. Economic Outlook. Quarterly developments |
title_full |
U.S. Economic Outlook. Quarterly developments |
title_fullStr |
U.S. Economic Outlook. Quarterly developments |
title_full_unstemmed |
U.S. Economic Outlook. Quarterly developments |
title_sort |
u.s. economic outlook. quarterly developments |
publisher |
ECLAC |
publishDate |
2018 |
url |
http://hdl.handle.net/11362/43745 |
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1718436067644801024 |