US GDP Grows 2% as Jobless Claims Hit 1969 Low
The US economy grew at a 2.0% annualized pace in the first quarter, according to the advance estimate, rebounding from 0.5% in the prior quarter but falling short of the 2.3% estimate. Personal consumption rose 1.6%, above a 1.4% forecast though slower than the prior quarter's 1.9%, while March personal income increased 0.6% from a month earlier and personal spending climbed 0.9%.
Separately, initial jobless claims fell to 189,000 in the week ended April 25, below expectations for 212,000 and the lowest reading since September 1969, though the figure is subject to revision. The drop in applications for unemployment benefits suggests job-cut announcements have not yet meaningfully translated into layoffs.
From the sources (21 posts)
@rapidresponse47"TRULY INCREDIBLE": Brand new data shows initial jobless claims last week fell to the lowest since 1969.
@hedgeye🇺🇸 U.S. Jobless Claims plunge to 189,000, lowest since March 1969
@unusual_whalesUS Q1 GDP rises annualized to 2.0%, estimated 2.3% quarter over quarter.
@ftBreaking news: The US economy grew at an annualised rate of 2% in the first quarter, falling short of Wall Street expectations
@trumpwarroomUS Jobless Claims Plunge to 189,000, Lowest Since 1969
@zerohedgePersonal Spending 0.9%, Exp. 0.9% Personal Income 0.6%, Exp. 0.3%
@theinsiderpaperBREAKING - US economic growth rebounds to 2.0% in first quarter: govt
@cryptoroverBREAKING: 🇺🇸 US GDP DATA GDP: ACTUAL: 2.0% vs EXPECTED: 2.2%
@deitaone*US 1Q GDP RISES ANNUALIZED 2.0% Q/Q; EST. +2.3%
@zerohedgeInitial Jobless Claims 189K, Exp. 212K Continuing Claims 1785K, Exp. 1815K
@deitaone*US JOBLESS CLAIMS 189,000 IN APRIL 25 WEEK; EST. 212K
@biancoresearch*US JOBLESS CLAIMS 189,000 IN APRIL 25 WEEK; EST. 212K This is the lowest reading since September 1969! (Note: this week is subject to revisions)
@businessApplications for US unemployment benefits plunged to the lowest level in decades, a sign that job-cut announcements have not yet meaningfully translated into layoffs.
@bulltheoryioBREAKING: US Q1 GDP data came in at 2% Expectations: 2.2% The US economy's growth is slowing down.
@maxcrypto🚨 BREAKING 🚨 🇺🇸 US Q1 GDP data came in at 2% Expectations: 2.2%
@stockmktnewzUS 🇺🇸 GDP for Q1 just came in at +2% below expectations of +2.2% (First GDP reading out of 3)
@lizannsondersAdvance estimate for 1Q2026 GDP +2.0% (q/q ann.) vs. +2.3% est. & +0.5% prior.. personal consumption +1.6% vs. +1.4% est. & +1.9% prior
@businessUS economic growth accelerated at the start of the year, fueled by solid business and consumer demand
@firstsquawkU.S GDP (QOQ) (Q1) ACTUAL: 2.0% VS 0.5% PREVIOUS; EST 2.3%
@lizannsondersMarch personal income +0.6% month/month vs. +0.3% est. & 0.0% prior…personal spending +0.9% vs. +0.9% est. & +0.6% prior
@firstsquawkU.S INITIAL JOBLESS CLAIMS ACTUAL: 189K VS 214K PREVIOUS; EST 212K