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U.S. Q4 GDP Growth Unrevised At 2.3%
(RTTNews) - A report released by the Commerce Department on Thursday showed the U.S. economy grew in line with its preliminary estimate in the fourth quarter of 2024.
The Commerce Department said gross domestic product jumped by 2.3 percent in the fourth quarter, unchanged from the previous estimate. Economists had expected the pace of GDP growth to be unrevised.
The report said upward revisions to government spending and exports were offset by downward revisions to consumer spending and investment.
The fourth quarter GDP growth reflects a notable slowdown compared to the 3.1 percent surge seen in the third quarter of 2024.
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U.S. Factory Orders Spike In Line With Estimates In May
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U.S. Employment Jumps By 147,000 Jobs In June, More Than Expected
A closely watched report released by the Labor Department on Thursday showed employment in the U.S. increased by more than expected in the month of June. The Labor Department said non-farm payroll employment shot up by 147,000 jobs in June after jumping by an upwardly revised 144,000 jobs in May. Economists had expected employment to climb by 110,000 jobs.
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U.S. Trade Deficit Widens Slightly More Than Expected In May
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U.S. Weekly Jobless Claims Unexpectedly Dip To 233,000
The Labor Department released a report on Thursday showing an unexpected decrease by first-time claims for U.S. unemployment benefits in the week ended June 28th.
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