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US weekly jobless claims fall,third-quarter GDP growth revised higher
general :: 2024-12-19 :: source - reuters
By Lucia Mutikani
WASHINGTON, Dec 19 (Reuters) - The number of Americans filing new applications for jobless benefits fell more than expected last week, reversing the prior week's jump and suggesting that a gradual labor market slowdown remained in place.
Other data on Thursday showed the economy grew faster than previously estimated in the third quarter, driven by robust consumer spending. The upbeat report came a day after the Federal Reserve delivered a third consecutive interest rate cut, but projected only two rate reductions in 2025, citing the economy's continued resilience and still-elevated inflation.
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