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Government cuts US’ first-quarter GDP estimate

June 26 2013

U.S. real gross domestic product increased at an annual rate of 1.8 percent in the first quarter of 2013, according to the third estimate released today by the U.S. Bureau of Economic Analysis. The third estimate is down significantly from the previously released advance estimate of a 2.4 percent increase, and an even earlier estimate of 2.5 percent growth.

Real GDP rose by 0.4 percent in the fourth quarter.

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

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