Milwaukee Journal Sentinel
The U.S. Commerce Department reported today that the U.S. economy grew at a revised 0.9 percent annual rate in the first quarter, slightly better than previously thought because of lower demand for foreign goods and services and a pickup in non-residential building.
One month ago, the department estimated that the gross domestic product, which measures the total output of goods and services within the country, grew at a 0.6 percent rate.
Meanwhile, the number of U.S. workers filing new claims for jobless benefits rose slightly last week. According to the U.S. Labor Department, initial claims for jobless benefits rose 4,000 to 372,000 after seasonal adjustments ended May 24.
No comments:
Post a Comment