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Economics Gazette

Economy and Business news

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October 21, 2019

Archives for May 2017

US economy

Growth of the US economy was revised upwards

The US economy is growing at a faster rate in the first quarter than previously calculated, according to the second reading of the data. The increase is revised upwards from 0.7% to 1.2% on annual basis and this may somewhat dispel the fear of slow growth in early 2017. The first reading of the data

Unemployment claims

Unemployment claims in USA rose less than expected last week

The number of Americans applying for unemployment benefits rose less than expected last week. The four-week average value of jobless claims, which is considered to be a better indicator of labor market trends, has fallen to a 44-year low, suggesting further tightening the labor market. The submissions for unemployment benefits rose by 1,000 to seasonally

US labor market

US labor market continue to show stability signals

The US labor market continues to show stability signals. Claims for unemployment benefits declined for a third consecutive week to its lowest level since 1973, according to data from the Labor Department. The documents submitted decreased by 4,000 to 232,000. The four-week average value, which is less volatile, is down to 240,750. Human resources managers

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