Tag Archives: Breaking news: economy

Weekly employment claims increase unexpectedly, totaling 870,000

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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Home prices suddenly see the biggest gain in 2 years

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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Personal income July 2020

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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