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%. That slowdow effect of a dollar appreciation that has restrained exports and a decline in domestic demand as the result of consumer spending and business investment decreased.
In spite of the economy slowing,the unemployment rate dropped below 5% in January and the job export has been expected to show steady growth in employment numbers. The conditions of labour market have addition improved even as growth in economic activity have slowed.