Current location:Stellar Station news portal > style
This week: economic growth, unemployment, inflation update
Stellar Station news portal2024-05-21 17:08:18【style】5People have gathered around
IntroductionEconomic gaugeThe Commerce Department releases its initial estimate of first-quarter economic growth
Economic gauge
The Commerce Department releases its initial estimate of first-quarter economic growth on Thursday.
Economists expect growth slowed to just 2% in the first quarter of 2024, down from 3.4% in the final quarter of 2023 and 4.9% in the third quarter. Consumers are still spending, which is a key driver for economic growth, but they’re facing persistent pressure from high borrowing rates and inflation.
GDP, seasonally adjusted annual rate, by quarter:
Q4 2022: 2.6%
Q1 2023: 2.2%
Q2 2023: 2.1%
Q3 2023: 4.9%
Q4 2023: 3.4%
Q1 2024 (est.): 2.0
Source: FactSet.
Tracking unemployment
The Labor Department releases its weekly tally of unemployment benefit applications on Thursday.
The proxy for layoffs held steady last week at 212,000 jobless claims. They have mostly remained in a narrow range since February. The resilient labor market has helped bolster consumer spending, while giving the Federal Reserve more reason to maintain high interest rates to tame inflation.
Address of this article:http://monaco.adventistmissionjapan.org/html-90e299684.html
Very good!(49)
Related articles
- 'Constantly learning' Imanaga off to impressive start with the Chicago Cubs
- Most of 15 million bees contained after bee
- At least 50 people dead after flash floods in Afghanistan
- Virginia board votes to restore Confederate names to schools
- Tom Brady and Jay
- Everton drops appeal against Premier League points deduction after staving off relegation
- Zurich presents counterrevolutionary staging of Wagner's Ring Cycle under Noseda and Homoki
- PGA CHAMPIONSHIP '24: A hole
- Kate Hudson hits the stage to debut songs from her new album Glorious at star
- Paul Merson is banned from the roads after being caught speeding four times in just eight months
Popular articles
Recommended
Ohio judge to rule Monday on whether the state’s abortion ban stands
Warning over whooping cough's silent spread as kids infected with Victorian
Authorities make arrest in 2001 killing of Georgia law student who was found dead in a burning home
Illinois basketball star Terrence Shannon Jr. ordered to stand trial on a rape charge in Kansas
Inquiry slams UK authorities for failures that killed thousands in infected blood scandal
Mock coffins fill a square in Milan in a protest over workplace safety in Italy
Film academy launches $500M fundraising campaign ahead of 100th Oscar anniversary
Veteran Costco worker reveals the ten best items up for grabs this month
Links
- Burkina Faso Suspends BBC and Voice of America after covering report on mass killings
- Woman, 25, confuses pals (and her boyfriend!) by posting photo with surprise newborn baby
- Ukraine pulls US
- Chelsea and Lyon bring leads into return legs of Women's Champions League semifinals
- Alabama sets July execution date for man convicted of killing delivery driver
- Head of Vietnam's parliament resigns amid corruption probe
- Colts snap record streak of 14 straight offensive players taken in NFL draft with UCLA DE Latu
- Taraji P. Henson the busty bombshell blows a kiss on red carpet at star
- Burkina Faso Suspends BBC and Voice of America after covering report on mass killings
- Enzo Fernandez has undergone surgery and will miss the rest of Chelsea's season