Economic growth rate of the United States slowed in first quarter of 2016
During the first three months of the year,there was a dramatic decrease in the economic growth rate from 1.4% to 0.5%. The slowdown has been blamed on a decline in domestic demand and a appreciation in dollar that has restrain on export. Despite the economy slowing, unemployment fell below 5% in January, and Friday's jobs report is expected to show steady growth in employment numbers.
On Thursday, the Federal Reserve said that "labour market conditions have improved further even as growth in economic activity appears to have slowed".