US Q2 Economic Growth Rate Confirmed at 3.0%... New Unemployment Claims at Lowest in 4 Months

Same as the preliminary figure announced a month ago

The U.S. Department of Commerce announced on the 26th (local time) that the confirmed GDP growth rate for the second quarter of this year was 3.0% (annualized quarter-on-quarter). This figure is the same as the preliminary estimate released a month ago.

A trader is looking at the market board at the New York Stock Exchange (NYSE) in the United States.
Photo by Xinhua News Agency

Additionally, the U.S. Department of Labor reported that new unemployment claims decreased by 4,000 to 218,000 compared to the previous week. The number of new claims is the lowest in four months since the week of May 12?18 (216,000 claims).

Continuing unemployment claims, which represent those filing for benefits for two weeks or more, rose by 13,000 to 1,834,000 in the week of September 8?14 compared to the previous week.

Following the Federal Reserve's recent 'big cut' decision, there have been many opinions about the U.S. economy, and Wall Street is closely monitoring trends in the U.S. labor market.