Your current location:HOME >entertainment >This week: economic growth, unemployment, inflation update 正文
TIME:2024-05-29 00:38:11 Source: Internet compilationEdit:entertainment
Economic 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:
Q1 2023: 2.2%
Q3 2023: 4.9%
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.
Richard Madeley and Nigel Farage clash in fiery debate on GMB over ex2024-05-28 23:49
Tianjin's cruise tourism industry set for post2024-05-28 23:43
Experiencing Uygur Culture in Kashgar2024-05-28 23:33
Highlights of esports matches at 19th Asian Games2024-05-28 23:27
Six skydivers and a pilot parachute to safety before small plane crashes in Missouri2024-05-28 23:17
Tibet's cultural tourism receives help from upgraded facilities2024-05-28 22:28
Virtual Shaoxing Opera Actress Fascinates Young Chinese2024-05-28 22:07
Headmistress Committed to Primary School Education for Decades2024-05-28 22:05
Hong Kong police arrest 6 people accused of violating the city's new national security law2024-05-28 22:04
More civilians die in Ukraine as analysts warn that delays in US aid will hamper Kyiv's forces2024-05-28 21:53
We're stuck in a mouldy flat with our 11 children and one toilet2024-05-29 00:35
Uygur Woman Shows Charm of Xinjiang Through Fabulous Dance2024-05-29 00:32
Entrepreneur Helps Rural Women Shake off Poverty in Northwest China2024-05-29 00:20
Dancing to a London Beat2024-05-29 00:10
Bochum survives dramatic playoff against Düsseldorf to stay in Bundesliga2024-05-28 23:56
Liu Ying Conducts Scientific Research Like Running Marathon2024-05-28 23:49
Farmer Helps Rural Residents Get Rich by Producing Handmade Tea2024-05-28 23:36
Kyrgyz Woman Finds Love, Career in Xi'an2024-05-28 22:56
3 people dead after wrong2024-05-28 22:14
Experiencing Uygur Culture in Kashgar2024-05-28 21:57