Thursday, May 29, 2014

U.S. economy contracts in first-quarter, but labor market firming

WASHINGTON (Reuters) – The U.S. economy contracted in the first quarter for the first time in three years as it buckled under the weight of a severe winter, but there are signs activity has since rebounded.
The Commerce Department on Thursday slashed its estimate of gross domestic...
U.S. economy contracts in first-quarter, but labor market firming

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