Economic Activity - Core durable goods orders, excluding defense and air, increased by 17% after a previous decrease of 15% [1] - Advanced goods trade balance came in at $966 billion, exceeding the forecast of $86 billion [2] - Imports remained flat after a previous decrease of 20% [3] Labor Market - Initial jobless claims decreased to 236000 from 246000 [2] - Continuing claims increased from 1937000 to 1974000, suggesting companies may not be actively hiring [6] - Initial jobless claims suggest companies are not actively firing [6] GDP & Consumption - The third reading of GDP came in at negative 05%, worse than the second reading of negative 02% [3] - Personal consumption was reported at 05%, lower than the initial report of 12% [4] Market Sentiment - Companies are holding back, awaiting clarity on tariffs and the Federal Reserve's actions [6]
US Economy: Jobless Claims Fall, 1Q GDP Revised to -0.5%
Bloomberg Televisionยท2025-06-26 14:22