Among 16- to 24-year-olds, this rate decreased from 14.3 percent in 1974 to 11.0 percent in 1997.
The PCE price index showed that spending actually decreased 0.1% when adjusted to remove price changes from inflation.
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For the Asset Management division, the fee as percentage of assets under management decreased from 0.7% in 2005 to 0.2% in 2009, with Morgan Stanley cutting fees to hold on to clients in an increasingly competitive market.
Real imports of goods and services decreased 0.2 percent, in contrast to an increase of 2.8 percent.
Equipment and software decreased less than 0.1 percent, in contrast to an increase of 4.8 percent.
Nonresidential structures decreased 4.4 percent, in contrast to an increase of 0.6 percent.
U.S. GDP decreased 0.1% in the fourth quarter, however, according to data released by the Bureau of Economic Analysis on Jan. 30.
Gross domestic product in the Euro zone decreased 0.4% in the third quarter, on an annualized basis, to mark the second straight quarter of decline and four quarters of no growth in the zone.
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The October Employment Index indicates that small business employment decreased by 0.05 percent, at an annualized decline of 0.6 percent, equating to approximately 10, 000 fewer jobs than in September.
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He decreased his stake in Iron Mountain by 47.8% to 4.7 million shares from 9.0 million.
Comparable College store sales decreased 2.2% for the quarter and 0.3% for the full year, as compared to the prior year periods.
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In another ominous sign that the U.S. economy is slowing, labor productivity decreased 0.3% in the second quarter, while first quarter productivity was revised from an increase to a negative reading and input costs rose.
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