(MENAFN) The US economy has showed a sharp slowdown in the January-March period of 2015, with a total of 126,000 jobs added in March compared to 281,000 over the previous six months, Gulf Times reported.
The latest data break the strong performance of the US labor market in recent months, but also bring it in line with other indicators of economic activity, which have shown a significant slowdown in the first quarter of 2015.
Most forecasters now expect GDP growth in the first quarter to be in the region of 0-1 percent. "The news missed market expectations by the largest margin since December 2009," QNB said.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.