Sentences with phrase «percent pace»

The economy was previously reported to have grown at a 1.1 percent pace in the first quarter.

As a result, we should have grown much faster than the 2 1/2 percent pace evident over the past couple of years and seen an inflation rate much higher than what we experienced.

The numbers were sharply below the 3.2 - percent pace set in the third quarter of 2017, with expectations of a further decline in the first - quarter 2018 numbers.

Growth of the 65 and older population has been expanding at a 13 percent annual clip, compared with a 3 percent pace for the population as a whole.

The Commerce Department reported on Thursday that the economy grew by 3.2 percent in the final quarter of 2013, echoing the even stronger 4.1 percent pace of expansion in the summer months and providing the White House with a rare bit of good news despite dismal public approval ratings.

Private pay rents for the sector grew 3.1 percent year - over-year this quarter, which is slightly stronger than the 3 percent pace reported in the first quarter of 2012.

Only Rochester, which added jobs at a 0.3 percent pace from June 2016 to June 2017, and Elmira, which lost jobs at a 0.5 percent annualized rate, had slower job growth rates.

In Riverside and San Bernardino counties, weekly wages rose at 4.36 percent pace vs. 0.5 percent annually in 2013 - 2017.

The overall growth of the economy trudged ahead at 3 percent in the first quarter of 2010, and was at a much slower pace than the 5.7 percent pace enjoyed in the fourth quarter of last year.

Household purchases, which account for almost 70 percent of the economy, grew at a 3 percent annualized rate, stronger than the 2.8 percent pace previously estimated.

Consumerism picked up momentum as personal spending rose at a 2.8 percent pace throughout the quarter.

U.S. rents are also expected to keep growing over the next year, at a 2.6 percent pace through June 2017 to a Zillow Rent Index of $ 1,445.

Granted, this is off the blistering 17.1 - percent pace clocked in February of last year, but it is still plenty respectable.

Beyond the details, Trump on Wednesday plans to make the case that boosting growth from the sluggish 2 percent pace of the past several years and lighting a rocket under wages will require a fundamental rewrite of the corporate tax code to make the U.S. more competitive with other countries while giving incentives to businesses to bring money back from overseas and invest it in new plants, equipment and jobs.

The Labor Department on Wednesday revised productivity to show it rising at a 3.3 percent annual rate, the quickest since the fourth quarter of 2013, instead of the 1.3 percent pace reported last month.

It also grew at a 10 - percent pace from 20102013, when the Census counted nearly 70,000 residents.

In fact, the 0.7 percent annual growth rate for the period is far below the 2.5 percent pace in President Barack Obama's final three months in office, let alone Mr. Trump's 4 percent target.

The U.S. economy grew at a 2.3 percent pace in the first quarter of this year, level with full - year economic growth in 2017.

Consumer spending: is expected to rebound from a 2.2 percent pace in 2014 to 2.7 percent next year.

Amazon's cloud subsidiary Amazon Web Services surpassed analyst expectations on revenue, and is forecast to continue growing at a 40 percent pace, despite intensifying competition from Microsoft and Google.

As result of the weakness in consumer spending, the economy grew at a 2.3 percent rate in the first quarter after expanding at a 2.9 percent pace in the final three months of 2017.

Consumer spending, which accounts for more than two - thirds of U.S. economic activity, grew at a 1.1 percent annualized rate in the January - March period, the slowest in nearly five years, after surging at a 4.0 percent pace in the fourth quarter.

Another report from the Labor Department showed hourly worker compensation accelerated at a 3.4 percent rate in the first quarter after rising at a 2.4 percent pace in the October - December period.

Yet the next two figures show that while year - over-year wage growth did accelerate as the job market tightened, it has since settled in to about a 2.5 percent pace, showing little acceleration in recent months.

Though the second - quarter bounce back is dampening wage pressure for now, the weak trend in productivity suggests the economy's growth potential could be lower than the 1.5 percent to 2.0 percent pace that economists have been estimating.

JPMorgan cut its estimate to a 2.5 percent rate from a 3 percent pace.

Exports grew at a 0.8 percent pace, the slowest in a year, even as imports accelerated to the fastest growth rate since the second quarter of 2011.

Economic growth will slow to 1.6 percent this year from 2 percent last year and rebound to a 2.4 percent pace in 2014, CMHC said.

But the year - over-year gain slowed from November's 13.7 percent pace.

The U.S. economy grew at a 1.3 percent pace in the second quarter, faster than estimated last month and helped by exports and spending on services.

Economists polled by Reuters had forecast the economy growing at a 2.5 percent pace in the third quarter.

Excluding inventory investment, the economy grew at a 2.3 percent rate, slowing from the second quarter's 2.9 percent pace.

A dismal report card for the first quarter of 2014 said the overall economy shrank at a rapid 2.3 percent pace.

Gross domestic product increased at a 1.2 percent annual rate after rising by a downwardly revised 0.8 percent pace in the first quarter, the Commerce Department said on Friday.

Economists are predicting a 5.7 percent pace in 2014.

The agency's chief economist, David Berson, believes economic growth will pick up to at least a 3 - percent pace this year.

Existing - home sales in the West rose 0.8 percent a pace of 1.19 million in November and are 4.4 percent higher than a year ago.

With low rates, conditions are right for sustained home sales — as long as the economy keeps growing at that same 3 percent to 4 percent pace and households possess the financial wherewithal and confidence to buy.

Stripping out those items, the two most volatile components of GDP, so - called final sales to domestic purchasers increased at a 2.1 percent rate, compared with the prior estimate of a 1.7 percent pace.

Today's 5.4 percent unemployment rate is virtually unchanged from a decade ago, yet the economy has grown through that period at a 3 percent to 4 percent pace.

That was a slowdown from the 0.8 percent pace in the fourth quarter but still greater than the quarterly average of about 0.4 percent increase seen since rents began rising consistently in the fourth quarter of 2010.

The U.S. economy, the world's largest, expanded at a 5.6 percent pace in last three months of the year as companies stepped up efforts to stabilize inventories.