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GDP picks up, but misses expectations

April 26 2013

U.S. real gross domestic product increased at an annual rate of 2.5 percent in the first quarter of 2013, according to the advance estimate released today by the U.S. Bureau of Economic Analysis. It increased by 0.4 percent in the fourth quarter.

The New York Times reported economists had forecast growth of 3 percent and that much of the acceleration in the first quarter may have been caused by “unusually slow growth at the end of 2012.” To read the New York Times article, click here.

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

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