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Fed’s First-Quarter GDP Estimate Unchanged

June 28 2012

U.S. real gross domestic product rose at an annual rate of 1.9 percent in the first quarter of 2012, according to the third estimate released today by the U.S. Bureau of Economic Analysis. The third estimate is unchanged from the previously released advance estimate.

Growth in the staffing industry is strongly correlated with GDP growth, according to research from Staffing Industry Analysts.

The growth rate announced today is on par with others’ estimates. Bloomberg reported the median forecast of economists it surveyed had expected growth of 1.9 percent.

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