WASHINGTON AP - Consumers spent more and helped lift the economy last quarter but not enough to ignite the recovery and drive down unemployment.Spending by consumers rose by the fastest pace in three years, the Commerce Department said Friday . That helped the economy grow at a 3.2 percent pace in the January-to-March quarter.
April 30, 2010 at 12:00 AM
1 minute read
WASHINGTON AP – Consumers spent more and helped lift the economy last quarter but not enough to ignite the recovery and drive down unemployment.
Spending by consumers rose by the fastest pace in three years, the Commerce Department said Friday . That helped the economy grow at a 3.2 percent pace in the January-to-March quarter. It marked the third straight quarterly gain as the United States heals from the longest and deepest recession since the 1930s.
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