Weekly initial jobless claims totaled 230,000 (consensus 245,000) following last week’s revised count of 246,000 (from 245,000). Continuing claims totaled 1.858 million after last week’s revised total of 1.861 million (from 1.865 million).
Q1 GDP rose 1.1% in the advance reading (consensus 2.0%) after a 2.6% increase last quarter. The Q1 GDP Deflator rose 4.0% in the advance reading (Briefing.com consensus 3.7%) after a 3.9% increase last quarter.