U.S. Growth Slows Sharply to 2.2% in Q1 Industry Week • April 30, 2012

The drop from January to March was largely thanks to a slump in government spending. That alone shaved 0.6 points of GDP.

“The U.S. economy is clearly expanding, but just as clearly it’s expanding at a rate that is too slow to put reliable, significant downward pressure on joblessness,” said Josh Bivens of the Economic Policy Institute.