The data published on Thursday reflect the resilience of the economy of the United States, even while concerns about the labor market and inflation persist.
The economic growth of the United States, or the Gross Domestic Product (GDP), reached 3.8% in the second quarter, according to a new review of the data published on Thursday by the Department of Commerce. That was higher than the most recent estimate of 3.3% and the strongest reading since the third quarter of 2024.
The review largely reflected a stronger growth in consumer spending, which was also reviewed, from 1.6% to 2.5%. Multiple surveys show that mood among consumers remains bleak, but Thursday expenses data, in addition to other banks, signs that remain willing to maintain their purchase rhythm.
Meanwhile, new and continuous claims of unemployment assistance fell during the past week, according to the United States Department of Labor. The Federal Reserve said last week that he expects the unemployment rate to rise from 4.3% to 4.5% by the end of the year, but the latest data can relieve some concerns about greater deterioration in the labor market.
“The Mother Lode Lode of the data that it has just published suggests that the economy is still fine, despite the deceleration in employment growth,” said Alexandra Brown, North America economist for the Market Insight’s insight company, in a note for customers.
The US economy remains in a relatively precarious position. The last GDP reading reflects the three months that end on June 30, and the growth image may have changed since then. A deceleration of the labor market combined with the combination of President Donald Trump of aggressive tariffs and the application of immigration has generated concerns about warm growth. While consumer spending has remained resistant, there are increasing warnings about a two -level economy in which people with low and medium income are squeezed as high -income homes continue to spend.
Concerns about the labor market stimulated the Federal Reserve to take action this month, reducing interest rates in an attempt to boost economic growth. There was some anticipation that it would be the first of many.
But the positive economic data of Thursday complicate the situation of the Fed.
After the morning data versions, investors marked the probabilities of additional cuts by the Federal Reserve this year. The Fed tends to cut when the economy shows signs of deceleration, and the new figures indicate that there may be less need for lower interest rates to stimulate growth.
“Thursday’s up -to -the revision of GDP to [the] The second quarter confirmed that the economy grew in a healthy clip, even when tariff uncertainty reached the high point during the quarter, “said Paul Stanley, investment director of the Financial Group of Management of the Holra de Granite Bay, in a statement.” The economy of the United States is resistant and the strong GDP is another indication that we are not at risk of recession, even with the growth of the labor market. “
But there are also concerns that growth is extremely unequal.
A growing body of evidence suggests that the expense of technological companies in artificial intelligence may be pointing to growth, especially as federal cuts of expenses and uncertainty about tariffs have cloudy cloudy feeling in other places. The data of the Department of Commerce show that in the first half of 2025, the growth of the investment in the equipment, a category that includes computers, electronics and energy supply parts, has been close to the records.
“In the absence of expenses related to technology, the United States would be close or in the recession this year,” wrote George Saravelos, head of research at Deutsche Bank Financial Group.
That is not necessarily good news, he said: For technology to continue promoting GDP growth, investments in AI, such as the construction of data centers, they must continue to be “parabolic.”
“This is very unlikely,” said Saravelos, given forecasts that such investment will probably reach its maximum this year.
“Other sources of growth will have to take care,” he said.
