The good
Although the fourth quarter's growth rate was slower than the red-hot 8.2 percent pace of the third quarter, the economy's performance in the second half of 2003 marked the fastest back-to-back quarterly increases since the first two quarters of 1984.
The Bad
The Ugly;
If the lackluster job climate persists, some worry that consumers might turn cautious, thus raising the risk of an economic slowdown in the final two quarters of this year.
Although the fourth quarter's growth rate was slower than the red-hot 8.2 percent pace of the third quarter, the economy's performance in the second half of 2003 marked the fastest back-to-back quarterly increases since the first two quarters of 1984.
The Bad
The economy added just 21,000 jobs in February — all of them in government — a Labor Department (search) survey of payrolls showed. Job growth has been painfully slow despite better economic activity.
If the lackluster job climate persists, some worry that consumers might turn cautious, thus raising the risk of an economic slowdown in the final two quarters of this year.
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