US Economy Growth Not As Good As Expected

As per government sources, the US economy growth has slowed down after a brisk recovery in the first quarter. From January to March, Gross Domestic Product grew at an annual rate of 3%, which was lower than the expected. There was a fall in unemployment benefits claims in the last week but that too was less-than-anticipated. Hence, the improvement in the employment rate has not been impressive. This has led the government to revise consumer and business spending downward. Earnings after tax for businesses have increased to 9.7%, better than the previous 8.2%.