Americans who were expecting another major national economic growth leap during the first quarter of the year may have been disappointed to see the latest figures from the U.S. Department of Commerce.
Although gross domestic product climbed at an annual rate of 1.8 percent during the first three months of the year, it was well below the 3.1 percent rate achieved in the fourth quarter of 2010.
"Bottom line, things aren't falling off a cliff, but they're trudging along at what is likely to be a fairly weak pace," Keith Hembre, chief economist at Nuveen Asset Management, told CNN Money.
Mark Doms, chief economist at the department, said the new data indicates a significant surge in new hires. He said the economy added 854,000 jobs during the first four months of 2011, which will help propel the nation forward for the remainder of the year.
Although more Americans are going back to work after months or even years of hardship, many continue to struggle finding employment. One reason may be because they suffer from bad credit that is eliminating them from applicant pools when employers conduct credit checks.
These individuals may be able to obtain credit score help by looking for items on their credit records that were not reported in compliance with federal guidelines. Identifying these marks can be difficult for the average consumer, which is why some may seek out the assistance of a credit repair attorney. A credit lawyer often has the professional experience to hold credit companies accountable for how they report people's account information.