U.S. real gross domestic product decreased at an annual rate of 1.0 percent in the first quarter of 2014, according to the second estimate released today by the U.S. Bureau of Economic Analysis. It’s the first contraction since the first quarter of 2011.

The second estimate for the first quarter represents a decline from the previously released advance estimate of a 0.1 percent increase.

Real GDP rose by 2.6 percent in the fourth quarter.

MarketWatch reports it’s the first GDP decline since 2011, but growth has since accelerated and Wall Street expects second-quarter growth to snap back with a 3.8 percent gain.

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