The second reading remains far from the growth rate recorded in the fourth quarter of last year, which stood at 2.6% at the time, while increasing the possibility of the Fed easing the monetary tightening cycle with which it is currently fighting against inflation.
And the US economy has avoided recession over the past year, so the growth rate for the whole of 2022 will reach 2.1%.
This is a slower pace compared to 2021, which saw the strongest growth since 1984, reaching 5.9%.
In addition to the GDP revision, real consumer spending was revised up to 3.8% from 3.7% in the previous reading.
By contrast, weekly jobless claims rose in the United States to 229,000 in the week ending May 20, from 225,000 the previous week, after adjusting for data.
According to data from the US Department of Labor, the four-week rolling average was 231,750 claims, unchanged from the revised average for the previous week.
The average has been revised down, down 12,500, from 244,250 to 231,750.
The seasonally adjusted advanced unemployment rate was 1.2% for the week ending May 13, unchanged from the unadjusted rate the previous week.
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