U.S. Economic Growth Falls Short Of Expectations

  • Playlist
  • Download
  • Embed
    <iframe src="" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The Commerce Department reported Thursday that the economy grew 1.9 percent in the first three months of the year, down from an earlier estimate of 2.2 percent. And more Americans are jobless and seeking benefits, according to the Labor Department.


NPR's business news starts with starts with some discouraging numbers.


GREENE: New reports out this morning suggest the U.S. economy is not recovering as quickly as some economists had hoped. We have been told that the economy grew 2.2 percent in the first three months of this year, but new figures today from the Commerce Department revise that number downward, to 1.9 percent - reflecting slower growth. And more Americans are jobless and seeking benefits. The Labor Department reports the number of Americans applying for first time unemployment insurance rose by 10,000 last week, to 373,000. The number of new applicants has risen steadily for four weeks. Tomorrow we will get another important measure of the economy, when the government releases statistics on unemployment for the month of May.

Copyright © 2012 NPR. All rights reserved. Visit our website terms of use and permissions pages at for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

NPR thanks our sponsors

Become an NPR sponsor

Support comes from