Compared to a year earlier, the economy grew in the fourth quarter by 0.8 percent, up from a preliminary 0.7 percent estimate. Production and investment in construction were higher than previously estimated. Furthermore, the shrinkage of household and government spending was slightly smaller than previously reported.
In contrast, the trade balance of services was lower than previously estimated. The fourth quarter of 2013 had the same number of days as the fourth quarter a year earlier.
In the fourth quarter of 2013 there were 128 thousand jobs less than in the same quarter of 2012, a decrease of 1.6 percent. In the first estimate the shrinkage of the number of jobs was 1.7 percent. In the third quarter, the number of jobs fell by 2.0 percent compared to the same quarter in 2012.
In the last three months of 2013, the wage rates were 2.8 percent higher than in the same quarter a year earlier.