The number of first-time filers for unemployment benefits last week was slightly higher than expected as the sluggish recovery from the coronavirus epidemic in the labor market continues. The Labor Department reported Thursday that Sept. Initial job claims for the week ending on the 19th came in at 870,000. Economists …
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First-time claims for unemployment insurance beat Wall Street estimates as the U.S. economy enters a critical new phase. A total of 660,00,000 filings were filed in the week ended September 301, the labor department reported on Thursday. Economists surveyed by the Dow Jones had earlier in the week expected 75,000,000 …
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Exceptionally strong demand, historically low supply and record low mortgage rates combined for the fastest home price growth since 2018. Nationally, house prices in July were 5.5% higher than in 2019. This is a significant increase from the 4.3% annual gain seen in June, according to Corlogic. The onset of …
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U.S. consumers increased their spending last month by 1.9%, a dose of support for an economy struggling to emerge from the grip of a pandemic that has recovered and left roughly 27 million people unemployed. The July gain marked the third straight monthly increase in consumer spending, the primary driver …
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People wear their face masks waiting in line for an emergency food distribution at 88th Street Temple Church of God in Christ on April 14, 2020 in Los Angeles, California, during the coronavirus pandemic. Frederic J. Brown | AFP | Getty Images The number of Americans who first filed for …
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