KQEH Nightly Business Report June 22, 2024
By consumers, businesses and governments. Gross domestic product, the broadest measure of Economic Activity expanded at 3. 7 . Above expectations of 3. 2 . And that wasnt the only positive economic report. The job market also remains healthy. Claims for firsttime Unemployment Benefits fell by 6,000 last week to near historic lows and home buyer demand remains steady in july. As pending home sales, a forward looking gauge of u. S. Home sales rose half a percent. But these numbers stand in contrast to whats happening in other parts of the world. Where stock markets are falling and Global Growth ...