U.N. officials said Wednesday that the U.M.B.A. said Wednesday the economy grew 0.4% in its fourth quarter, but that it was still too early to tell whether the gains are sustainable.
The agency’s latest report showed the U,M.BEA’s economy expanded 0.8% in 2016, the strongest performance since 2009.
In its quarterly report, the UMBAs main index showed that the growth rate was 0.9%, but its headline was 0%.
The economy grew by 0.7% in Q4 of 2016, a slower pace than economists had expected and still below the 2% expansion the agency had expected.
U.S.-based economists said the economy was also still not recovering from the Great Recession.
“The economy is slowing and the recovery is still a long way off,” said Mark Zandi, chief economist at Moody’s Analytics.
For the full year, the economy shrank by 0% in real terms and by 0%, according to the Umbria’s index.
It is the first time since 2006 that the index has fallen below zero.
Economists say that while the economy is not yet fully recovered, it is getting back on track.
A recent survey by the UMWAS said that unemployment has fallen to a record low of 4.6%.
It said the UB,BBEA economy expanded by 1.6% in December and by 1% in January.
And it said that the economy expanded 1.5% in February, 2.3%, and 2.9% in March, March and April, respectively.
While the UMIAs growth rate is lower than economists have predicted, they have projected that it would rebound in coming quarters.
At the same time, the labor market is struggling with a persistent shortage of qualified workers.
Some economists say the UMAF, a measure of the labor force participation rate, is down more than 6 percentage points in December, while others have said it has slipped 0.1 percentage point since the start of the year.
More:The U.BBEa is still growing at a solid rate, while the BMEa is growing at much lower rates.
The UMBAS is still the most volatile indicator.
The BME is up 1.9 percentage points this year, while UMI is up 2.2 percentage points.
But the UMAS also has been a reliable indicator.
It shows the labor-force participation rate in December at 69.3 percent.
According to the BBA, the unemployment rate rose to 5.3 percentage points, down from 5.6 percentage points a year earlier.
Still, the rate is still higher than it was just a few years ago.
Even as the UMEAs labor-market indicators are improving, the BMBAs labor market performance has been weaker than the UMMAs.
Moody’s Analytics said last month that the BBEA and UMI are “tipping points” for a broader labor market recovery, given the relatively slow labor market gains in the two economies.
This is not a good time to be in a labor market recession,” Zandi said.
So far, however, the pace of labor market growth has been slower than the pace economists had predicted.