MTECHTIPS;-GLOBAL HAPPENINGS

MTECHTIPS;-GLOBAL HAPPENINGS

 The US economy grew at an annualized rate of 2.4% in the first three months of 

the year. The figure is slightly slower than the 2.5% rate originally estimated for the 

quarter. Consumer spending was stronger than first thought, but businesses 

bought less and some government spending cuts were deeper than previously 

estimated  The number of Americans seeking unemployment aid rose 10,000 last week to a 

seasonally adjusted 354,000 – a sign layoffs have increased. But the level of 

applications is consistent with steady hiring. The four week average a less volatile 

measure – increased 6,750 to 347,250, the third straight gain. The average had 

fallen to a five-year low of 338,000 earlier this month

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