Economic Update
June 06, 2025
by an member from Furman University in Greenville, SC, USA
U.S. Trade Deficit (Apr): Narrowed sharply as imports plunged, potentially boosting Q2 GDP growth.
Initial Jobless Claims: Rose to 244,000 vs. 230,000 expected – a third straight weekly increase.
Challenger Job Cuts (May): Remained elevated, with more industries announcing layoffs.
10-year Treasury yield: Closed at 4.42%, up 2 basis points on the day
from Massachusetts Institute of Technology in Portland, OR, USA