Cracks in the U.S. Economy Slowly Starting to Show

Surprise, surprise, surprise… The Commerce Department reported yesterday that the U.S. economy grew (i.e. GDP) at only 1.8% in the first quarter of 2011—below analyst expectations. On Wednesday, the Federal Reserve said that it expects GDP to be 3.1% this year. Separately, the U.S. Labor Department reported an unexpected weekly jump in jobless claims to [...]