U.S. Economic Data Shows Major Growth in Q1 as Weekly Jobless Claims Tick Lower

Weekly first-time unemployment claims came in at 553,000 this morning, higher than expected, but lower than the prior week's revised number of 556,000. The initial reading on first quarter GDP also came in, showing the U.S. economy grew at a better-than-expected rate of 6.4% last quarter. Wake Up With Cheddar breaks down the numbers in real time.
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