Story perspectives

U.S. Economy Grows Amidst Housing Decline and Job Challenges

5/28/2025

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Summary

Story summary

U.S. economic growth is accelerating, as indicated by the S&P Global PMI rising to 52.1 in May.
Existing home sales dropped 0.5% in April, reaching their lowest level since 2009, despite a 9% inventory increase.
Jobless claims saw a slight decrease, but continuing claims rose to 1.9 million, highlighting labor market challenges.
Upcoming reports will assess consumer confidence, durable goods orders, and GDP growth, focusing on inflation impacts from tariffs.

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Story summary

U.S. economic growth is accelerating, as indicated by the S&P Global PMI rising to 52.1 in May.
Existing home sales dropped 0.5% in April, reaching their lowest level since 2009, despite a 9% inventory increase.
Jobless claims saw a slight decrease, but continuing claims rose to 1.9 million, highlighting labor market challenges.
Upcoming reports will assess consumer confidence, durable goods orders, and GDP growth, focusing on inflation impacts from tariffs.