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GDP estimate for Q4 revised down

February 28 2014

U.S. real gross domestic product increased at an annual rate of 2.4 percent in the fourth quarter of 2013, according to the second estimate released today by the U.S. Bureau of Economic Analysis. The second estimate is down from the previously released advance estimate of 3.2 percent.

Real GDP rose by 4.1 percent in the third quarter.

Consumer spending and exports were less robust than initially thought in the fourth quarter, suggesting some loss of momentum heading into 2014, Reuters reports. To read the story, click here.

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

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