GDP revision shows U.S. economy is weaker than expected

06/27/2013 | CNNMoney

(Getty Images)

Gross domestic product rose at a 1.8% yearly rate in the first quarter, not the 2.4% estimated a month ago, the Commerce Department said. GDP revisions are customary, but economists were surprised the cut was so big. Figures for spending on nonresidential buildings and consumer items were revised down in the most recent calculation, the agency said.

View Full Article in:

CNNMoney

Published in Brief:

SmartBrief Job Listings for Business

Job Title Company Location
VP of Video Content Distribution
Calkins Media
Levittown, PA
Director, Workforce
AIA
Arlington, VA
Administrative Assistant
Watco Companies
Los Angeles, CA