The U.S. economy

Consumer Spending and trade buoy economy

The U.S. Economy speed Gathered In The Fourth Quarter, though a touch below expectations, With The Biggest Gain in Consumer Spending in More Than Four Years and strong exports Offering The Clearest yet That signals a Sustainable Recovery Is Under Way.

Even With croissance quickening, however, progress has been "Reducing Unemployment painfully slow, and The Report on U.S. gross domestic product on Friday IS little comfort for millions of Americans Unemployed Or The Federal Reserve Officials were jobs-creation vigil.

The Economy Grew at a solid 3.2 percent rate Annual In The Final Three Months of 2010, The Commerce Department Said, said after Expanding to 2.6 percent pace in the Third Quarter. The rise Was a touch below economists' expectations to 3.5 percent for spleen.

For The Whole of 2010, the Economy Grew 2.9 Percent, The Biggest Gain Since 2005. The economy contracted 2.6 percent in 2009.

"Unfortunately by We Still Need to See Much Stronger Growth to begin to really make a dent In The Unemployment Rate. Right now we are just barely Creating Enough Jobs to stabilize The Unemployment Rate," Said Ryan Sweet, senior economist at Moody's Analytics in West Chester, Pennsylvania, Before the data Was released.

On Wednesday, Fed Officials voiced for The Pace Of The recovery WAS Still Not Strong Enough To Significantly Lower Unemployment and reiterated a $ 600 Commitment to a one billion stimulus effort Through the purchase of Government bonds.

The jobless rate has been "stuck percent sincere Above 9 May 2009. With the Economy's Growth Potential Between 2.5 percent and 2.7 percent, analysts say year expansion rate of at least 3 percent over SEVERAL quarters IS Needed to cope with New entrants in The Labor Market and The Unemployed.

The Unemployment Rate Fell to 9.4 percent in December from 8.9 percent in November.

CONSUMERS SHOULDER RECOVERY

Details Of The postponement GDP showed the Economy Moving in The Right direction. Consumer Spending, Which Accounts for More Than Two-Thirds of U.S. Economic Activity, Grew at a 4.4 percent rate - The Fastest Pace Since The First Quarter of 2006.

"The handoff from temporary to domestic demand Factors Is Under Way. This Is What We Need To Be For the recovery self-sustaining," Said Harm Bandholz, chief U.S. economist at UniCredit Research in New York.

Consumer Spending Added 4.3 Percentage points to fourth-quarter GDP Growth, Also The Largest contribution in More Than Four Years.

Support to Growth "during the Fourth Quarter aussi cam from a pickup in exports, Which resulted in a narrower trade deficit. Trade 3.44 Percentage Points Added to GDP Growth, The first contribution in a year.

The Drag That offset from business inventoried, Which Increased mother has one billion $ 7.2 to $ 121.4 after one billion rise in the Third Quarter. Inventories, Which hand HAD Been The driver of Growth Since The Start Of The Second Half In The recovery of 2009, subtracted from GDP Growth for The First Time Since The second quarter of 2009.

EXCLUDING inventoried, the Economy Grew at a 7.1 percent rate after rising at a 0.9 percent pace in the Third Quarter.