U.S. Economic Outlook. Quarterly developments

16 Jul 2018 | Publicação

Tema

Economic development Statistics

Sub-tema

Economic growth Economic indicators and projections Economic statistics Macroeconomics

U.S. Economic Outlook. Quarterly developments

  • Publication type: Escritório da CEPAL em Washington, D.C. (estudos e trabalhos de pesquisa)
  • Publicação autor corporativo (Autor institucional): NU. CEPAL. Oficina de Washington
  • Descrição física: 26 páginas.
  • Editora: ECLAC
  • Símbolo da ONU (Assinatura): LC/WAS/TS.2018/5
  • Data: 16 de Julho de 2018
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Abstract

In the first quarter of 2018, the U.S. economy grew at an annualized rate of 2%, a slower pace than previously thought, but growth is expected to rebound in the current quarter. Growth was held back by the slowdown in consumer spending, which grew only 0.9% in the first quarter, after a 4% growth in the fourth quarter of last year. U.S. employers added 1,287,000 jobs during the first half of 2018. Unemployment rate was at 4% at the end of June. Compared with its pace before the 2008 recession, productivity growth is disappointingly slow. On a year-ago basis, unit labor costs were up 1.1% in the first quarter while productivity increased 1.3%, indicating acceleration in wages that nevertheless falls short of prerecession rates.

ODSs

1. No poverty 8. Decent work and economic growth 10. Reduce inequalities 17. Partnership for the goals

Sedes e escritórios

National Office, Washington, D.C.