Revised figures released Thursday by the Commerce Department indicate that the U.S. economy expanded more than initially reported in the second quarter of 2025.
Real gross domestic product (GDP) surged 3.3% in Q2, exceeding the prior estimate of a 3.0% increase and surpassing economists’ expectations for a 3.1% upward revision.
The Commerce Department noted that the stronger growth mainly reflected higher-than-previously-estimated investment and consumer spending. These gains were partially offset by a downward revision in government spending and an upward adjustment to imports, which are subtracted in the GDP calculation.
In a separate report, the Labor Department said first-time claims for unemployment benefits fell slightly during the week ending August 23. Initial claims dropped to 229,000, down 5,000 from the prior week’s revised figure of 234,000. Analysts had anticipated a decrease to 230,000 from the initially reported 235,000.
The less volatile four-week moving average, however, edged up to 228,500, rising 2,500 from the previous week’s revised average of 226,000, reflecting a modest upward trend in underlying claims.
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