Economic Update

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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
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from Massachusetts Institute of Technology in Portland, OR, USA
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