For Immediate Release: Friday, July 29, 2011
Contact: Phoebe Silag or Karen Conner, news@epi.org 202-775-8810

“Today’s report on gross domestic product indicates that the U.S. economy has grown at a disastrously slow 0.9% rate for the entire first half of 2011. This anemic growth is why the unemployment rate stopped falling and actually began rising during these same six months. Worse, Washington’s rush to fiscal austerity will make the problems of slow growth and joblessness even worse,” said EPI economist Josh Bivens.

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