Reported 8 months ago
The Labor Department reported a decrease in initial claims for unemployment benefits in the latest week, but the overall number of people on benefits rolls was the highest since January, indicating a cooling job market in the U.S. The housing market also continues to struggle due to high interest rates set by the Federal Reserve, with housing starts falling to the lowest levels in about four years. The Fed's stringent policies have kept borrowing costs high for home purchases, leading to a decline in both housing starts and permits for future construction projects.
Source: YAHOO