Details from that report suggested that pillars of the private sector consumer spending, business investment and housing were solid, but were offset by government cuts and falling exports.

WSJ: Economy Adds 157,000 Jobs

The housing industry is rebounding and business investment appears solid, but government cutbacks have weighed on the economy and consumer attitudes have soured.

WSJ: Economy Adds 157,000 Jobs

Real GDP rose 0.4% in the fourth quarter on the back of a solid housing sector, a resilient consumer, and higher than previously estimated non-residential fixed investment.

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