US Unemployment Claims and GDP Growth Rate for Q1 Revealed

According to Odaily, the number of initial unemployment claims in the United States up to the week of May 25th was 219,000, slightly above the anticipated 218,000 and an increase from the previous figure of 215,000.

In addition to this, the revised annualized quarterly rate for the US GDP growth in the first quarter was 1.3%, matching the forecasted rate. This figure shows a decrease from the previous value of 1.6%. The data provides a snapshot of the current economic conditions in the United States, with a slight increase in unemployment claims and a decrease in GDP growth rate.