Markets (^GSPC,^DJI,^IXIC) are digesting new economic data, with fresh jobless claims and GDP figures giving Wall Street an updated view of the economy.

Initial jobless claims for the week ending in June 22 were 233,000, down 6,000 from the previous week. This drop hints at a slight cooling in the job market. The GDP growth rate for the first quarter was reported at 1.4%, coming in line with analyst expectations.

Yahoo Finance's Josh Schafer breaks down these numbers, offering insights into what they reveal about the current state of the economy.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Angel Smith