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The unemployment rate could go up


'The weak first quarter GDP numbers should be the final nail in the coffin of the analysts who had been singing about an acceleration in growth based on the February jobs report and some other positive reports from the same time period. The 1.5 percent growth of final demand for the quarter is likely to be close to GDP growth for the rest of 2013, assuming that the sequester cuts are not reversed. At this rate of growth, it is likely that the unemployment rate will go up rather than down through the rest of 2013.'