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U.S. economy slowed to 0.1% growth rate in 1st quarter

By The Associated Press

This article was published April 30, 2014 at 11:17 a.m.

The U.S. economy slowed drastically in the first three months of the year as a harsh winter exacted a toll on business activity. However, analysts believe the slowdown, while worse than expected, is likely to be temporary as growth rebounds with warmer weather.

Growth slowed to a barely discernible 0.1 percent annual rate in the January-March quarter, the U.S. Commerce Department said Wednesday. That rate is the weakest pace since the end of 2012 and marks a drop from the 2.6 percent rate in the previous quarter.

Many economists said the government’s first estimate of growth in the January-March quarter was skewed by weak figures early in the quarter. They noted that several sectors — from retail sales to manufacturing output — rebounded in March. That strength should provide momentum for the rest of the year. And many economists said they expect the government on Friday will report a solid 200,000-plus job gain for April.

Read tomorrow's Arkansas Democrat-Gazette for full details.

Comments on: U.S. economy slowed to 0.1% growth rate in 1st quarter

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Dontcallmenames says... April 30, 2014 at 11:29 a.m.

They're blaming the weather?!?! How about blaming Obama!!!

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T6 says... April 30, 2014 at 12:03 p.m.

Now! Now! Dontcall.... You can't blame Messiah Obama. You know Obama is perfect or he wouldn't be Messiah.
Don't you remember, "this was the moment when the rise of the oceans began to slow and our planet began to heal." Bwahhahaha!

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80Redux says... April 30, 2014 at 12:29 p.m.

Our middle class in no longer the biggest, China is starting to divert investments into other countries, unemployment is STILL high, and Obama still doesn't understand that the best thing the Federal Government has do is to get out of the way.
If I were to run for President, my platform would be this:
1. A five year moritorium on new rules from all federal beaucracies
2. All existing "rule makers" in these agencies will be retasked to reduce/eliminate existing federal rules, with a goal of 10% reduction per year
3. A review of the purpose and mission of every federal agency, with a goal of closing 20% in my first term
4. XL Pipeline approved immediately
5. Review of applications pending power plants (including nuclear plants) completed within 6 months with a bias for approval
6. Review of applications for off-shore drill applications within 6 months with a bias for approval
7. Immediate reversal of Obama Executive orders
8. Elimination of all the Czars implemented by Obama
9. A top down review of IRS leadership
.
In addition to these initiatives my end goal would be to see funding for most federal agencies be redirected back to the states. I truly believe we would see a 20% savings by getting the "federal govt middleman" out of the equation. Prime targets would be HEW, HUD, BLM, and of course the EPA. :)

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dman says... April 30, 2014 at 1:23 p.m.

Redux for president!

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HalALouyah says... April 30, 2014 at 2:10 p.m.

Redux-surely you would have to:
1.Weigh in on executions done incorrectly but still killing a murderer
2. Do the NBA's job in getting rid of a scumbag racist
3. Appear on a show with a dope smoking crazy dude to promote your healthcare
4. Make sure your wife is on all kinds of different TV shows

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80Redux says... April 30, 2014 at 2:27 p.m.

I'm pretty sure I would NEVER get in the middle of an ongoing investigation, necessitating a "Beer Summit". I'm also sure you'd never see my wife spending MILLIONS in tax payer money on vacations. I'm absolutely sure you wouldn't see me picking winners and losers by directing federal largesse to one group and conversely singling out another group for riddicule.
.
Thanks for your support!!

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djigoo says... April 30, 2014 at 3:06 p.m.

"He has to be doing it because he hates America."

No, that'd be you and your RecessiCon friends in all those money-sucking Red states.

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