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US Q3 GDP Rises 3.1%... Unemployment Claims Decline

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YM Lee
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  • The US Q3 GDP rose by 3.1%, exceeding the expected 2.8%.
  • The number of new unemployment claims recorded a lower-than-expected 220,000.
  • With favorable economic indicators, the real economy is maintaining its resilience.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

According to the data released by the Bureau of Economic Analysis on the 19th (local time), the United States' Q3 GDP rose by 3.1% compared to the previous quarter, surpassing Wall Street experts' forecast of 2.8%.

The number of new unemployment claims announced at the same time recorded 220,000, slightly below the expected 229,000. This is also lower than the previous week's figure of 242,000.

The number of continuous unemployment claims, which refers to those who claimed unemployment benefits for two consecutive weeks, was 1,874,000, below the expected 1,890,000.

With key economic indicators such as GDP and unemployment claims showing better-than-expected figures, it indicates that the real economy is maintaining its resilience.

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