US Economic Growth Revised Lower for Q1 2024 as Jobless Claims Edge Up, Job Openings Hit 3-Year Lows
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#2bef6d19 ver:0.76

US economic growth in Q1 2024 revised lower to 1.3% as jobless claims rise and job openings hit 3-year lows. Consumer spending on goods declined, while spending on services increased. Business investment and residential investment contributed positively to growth. Inflation and core inflation rates were revised slightly. Despite slower growth, the labor market remains strong. Q2 growth estimated at 1.9%. Bond market pricing in softer growth. Overall, a modest improvement expected compared to Q1. #USEconomy #GDP #JoblessClaims #JobOpenings #Inflation...

#newstr #UsEconomy #JoblessClaims #ConsumerSpending #Inflation #FederalReserve #LaborMarket #JobOpenings 

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