US Jobless Claims Fall to Lowest in Four Weeks

The video discusses recent economic data, including jobless claims, GDP revisions, and personal consumption. Jobless claims were lower than forecasted, indicating a strong labor market. GDP was revised down from 2.9% to 2.7%, with personal consumption also lower than expected. The PCE price index rose to 4.3%, suggesting higher inflation than initially thought.

What was the revised GDP growth rate mentioned?

What does the continuing claims number indicate about the labor market?