UPS Market Vision July- High Tech | Page 10

US ECONOMY

What's new?

GDP

growth

GDP growth was finalized at 2.1%

Y/Y in the first quarter, as consumer spending and exports grew at a faster pace than previously reported.

Job

Growth

Job growth fell short of expectation in May, and gains from March and April were revised downward by 66,000. Some of this slowdown in growth is to expected, with unemployment low and little remaining slack left to be absorbed in the labor market.

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