Initial unemployment benefits were higher than expected last week, with 719,000 more workers crossing the unemployment line, the Labor Department reported Thursday.The total was compared to the Dow Jones estimate of 675,000 and was higher than last week's revised...
A home sale sign for real estate shows the home was listed as "under contract" on November 19, 2020 in Washington, DC.Saul Loeb | AFP | Getty ImagesHigher mortgage rates reduce the demand for refinancing as fewer...
A home sale sign for real estate shows the home is under contract on November 19, 2020 in Washington, DC.Saul Loeb | AFP | Getty ImagesDecember is usually the slowest month for the property market, but price...
The U.S. economy saw jobs grow in January, but analysis of job changes across industries shows that the job market is still grappling with the effects of the coronavirus pandemic.The Labor Department reported Friday that the total number of...
The Federal Reserve maintained its loose monetary policy on Wednesday despite believing the economy is accelerating.As expected, the Federal Reserve decided to keep short-term rates near zero as it purchases at least $ 120 billion worth of bonds every...
Homes in Memphis, Tennessee.Getty ImagesHouse prices are rising across the country, but the Covid pandemic is turning usual geographic trends on their head.Historically, house values ​​have risen the most in large cities on the coast, where supply is leaner...
Pedestrians walk outside the New York Stock Exchange in the USDaniel Acker | Bloomberg | Getty ImagesThe US economy is recovering from the Covid-19 recession, but it can take a long time for some economic "scars" to...
New home sales were far weaker than expected in November and construction stocks are not doing well. The stocks of the biggest names like Lennar, Pulte, DR Horton and Toll Brothers fell more than 2% on the news.According...
The US labor market recovery accelerated last week as fewer Americans hit the unemployment line, the Labor Department reported Thursday.Initial jobless claims stood at 547,000, well below the Dow Jones estimate of 603,000 and a new low for the...
Federal Reserve Governor Lael Brainard said Wednesday that while the US economic outlook has "brightened significantly", it is far from the central bank's goals."Better outlook, but of course our monetary policy projections are based on the results, not the...

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