Forecasters revised down their estimate for growth in US gross domestic product in the first quarter survey of professional forecasters released today by the Federal Reserve Bank of Philadelphia.

GDP is expected to grow 2.1% in 2016. This is down from a projection made by forecasters in last quarter’s report that called for growth of 2.6%.

Looking at just the first quarter of 2016, forecasters project GDP growth at 2.0%, down from the previous forecast of 2.5%.

However, forecasters raised their estimate of job growth in 2016. They now estimate the US will add 204,300 jobs a month in 2016, up from the previous forecast of 197,000 jobs per month.

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