CTH: The Bureau of Economic Analysis (BEA), who track GDP -and- U.S. Labor Department (DoL) Bureau of Labor and Statistics (BLS), who track wage growth, have released the initial sets of analysis for Quarter 1 of this year (Jan-March). The first quarter growth in GDP comes in at 2.3%. [Most estimates initially expected 2.0% or slightly less.]
CBS – […] It’s common for economic growth to slow in the first quarter and then accelerate later in the year. Still, the January-March increase was better than expected: Economists had foreseen a 2 percent annualized rate. In the current quarter, economists expect growth to surpass 3 percent.
The 2.3% first quarter result puts 2018 on track to achieve President Trump’s targeted growth rate: over three percent combined growth for the full year. Due to seasonal fluctuations the first quarter is historically the weakest for GDP growth. more here
Wage growth under Barry was a negative number.