Reported 10 months ago
New economic data in the United States showed mixed results on Thursday, with initial jobless claims dropping to 238,000 but still higher than expected. Housing sector indicators like housing starts and building permits also declined more than anticipated in May, with housing starts falling by 5.5% and building permits dropping by 3.8% month-over-month. Yahoo Finance's Brad Smith and Madison Mills analyze the data, discussing its implications for the economy and inflationary pressures.
Source: YAHOO