|
|
Article: Economy Grows at 5.4 Percent Rate
- Article from:
- AP Online
- Article date:
- April 27, 2000
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
|
JEANNINE AVERSA, Associated Press Writer
AP Online
04-27-2000
Economy Grows at 5.4 Percent Rate
WASHINGTON (AP) -- The U.S. economy, propelled by the biggest jump in consumer spending in nearly 17 years, grew at a 5.4 percent annual rate during the first three months of 2000, the government said today.
The increase in the gross domestic product -- the country's total output of goods and services -- as measured by the Commerce Department was weaker than the 6 percent rate many analysts were expecting.
Separately, the Labor Department said today that wages and benefits for American workers climbed by 4.3 percent for the 12 months ending in March, the sharpest advance in eight years and an ...