White House: faster growth needed to boost jobs
WASHINGTON, April 28
WASHINGTON, April 28 (Reuters) - The White House said on Thursday data showing continued economic expansion was "encouraging" but a faster pace was needed to fight unemployment.
"While the continued expansion is encouraging, clearly, faster growth is needed to replace the jobs lost in the downturn," White House economist Austan Goolsbee said in a statement.
Growth in gross domestic product -- a measure of all goods and services produced within U.S. borders -- slowed to a 1.8 percent annual rate after a 3.1 percent fourth quarter pace, the Commerce Department said. (Reporting by Jeff Mason and Caren Bohan; Editing by Eric Beech)