The U.S. economy grew even slower than initially reported in the second quarter, as both consumers and businesses spent less than originally thought.
Gross domestic product, the broadest measure of the nation's economic health, grew at an annual rate of 1.3% from April to June, the Commerce Department said Thursday, slower than the 1.7% rate the government last reported in August.
The government typically revises its GDP reports twice, and Thursday's data marks the final revision to the second-quarter figures.
The changes were minor and make little difference to the overall economic picture of the country. Growth is still frustratingly slow, and economists often say the economy needs to expand at least 3% a year to bring the unemployment rate down significantly.
