Second quarter GDP revised higher, jobless claims little changed By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 29 2024
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Source: Investing.com
Unemployment Claims: The number of new unemployment benefit applications in the U.S. remained stable at 231,000 for the week ending Aug. 24, slightly below expectations, while continuing claims increased by 13,000 to 1.868 million.
Economic Growth: The second-quarter GDP growth was revised upward to 3%, surpassing previous estimates and indicating stronger economic performance compared to the first quarter's 1.4% growth.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
