US jobless claims rise by 4,000 to 353,000

Summary by Ground News

St. Louis Federal Reserve President James Bullard says the Fed should begin curbing its monthly stimulus efforts soon. Bullard said the Fed's purchases were appropriate in 2020 to support American business through the Covid-19 pandemic. But they now run the risk of creating bubbles in financial markets and runaway inflation.

Published 2 years ago · Washington, United States

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Reuters

U.S. second-quarter economic growth revised slightly higher; weekly jobless claims rise

WASHINGTON - The U.S. economy grew a bit faster than initially thought in the second quarter, lifting the level of gross domestic product above its pre-pandemic peak, as massive fiscal stimulus and vaccinations against COVID-19 boosted spending. Gross domestic product increased at a 6.6% annualized rate, the Commerce Department said on Thursday in its second estimate of GDP growth for

2 years ago·United Kingdom

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Associated Press News

US slightly upgrades GDP estimate for last quarter to 6.6%

WASHINGTON (AP) — The U.S. economy grew at a robust 6.6% annual rate last quarter, slightly faster than previously estimated, the government said Thursday in a report that pointed to a sustained consumer-led rebound from the pandemic recession. But worries…

2 years ago·United States

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abc News

US slightly upgrades GDP estimate for last quarter to 6.6%

The U.S. economy grew at a 6.6% annual rate last quarter, slightly faster than previously estimated, the government said Thursday in a report that pointed to a sustained consumer-led rebound from the pandemic recession

2 years ago·United States

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CNN

The US economy grew slightly more than we thought last quarter

America's economy expanded at a slightly faster pace than initially thought in the second quarter, the Bureau of Economic Analysis reported Thursday.

2 years ago·Atlanta, United States

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Washington Times

U.S. jobless claims rise by 4,000 to 353,000

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose for the first time in five weeks even though the economy and job market have been recovering briskly from the coronavirus pandemic.The Labor Department reported Thursday that jobless claims edged up to 353,000 from 349,000 a week ...

2 years ago·Washington, United States

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