A home for sale on December 17, 2020 in Scituate, Massachusetts.Matt Stone | MediaNews Group | Getty ImagesAfter five consecutive months of growth, existing home closed sales declined in November.They fell 2.5% month on month to a...
Unemployment claims rose less than expected last week as employers weighed a rise in winter time against expected $ 900 billion in relief from an upcoming stimulus package in Covid-19 cases, the Labor Department reported Wednesday.In the week ending...
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 number of people applying for unemployment benefits for the first time fell unexpectedly last week, marking its second consecutive decline.Initial jobless claims fell by 19,000 to 787,000 in the week ended December 26, the Labor Department said on...
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...
An Open House sign is displayed in the front yard of a Columbus, Ohio home for sale.Ty Wright | Bloomberg | Getty ImagesThe staggering surge in home purchases caused by the coronavirus pandemic may finally ease. ...
A picture illustration shows 100 dollar banknotes in TokyoYuriko Nakao | ReutersCurrency circulation rose last year at a rate not seen since World War II, which historically has been a good sign for the economy.Amid a massive inflow...
Federal Reserve Chairman Jerome Powell reiterated his commitment to keeping interest rates low for the foreseeable future, despite expressing hopes for a strong economic recovery."When it is time to raise interest rates, we will certainly do it, and that...
Personal payrolls fell for the first time since the beginning of the coronavirus pandemic in December, according to an ADP report on Wednesday.The 123,000 decline was a sign that the U.S. economy had cooled significantly by late 2020. ...
The first-time applications for unemployment insurance have hardly changed in the past week despite other indicators of a weakening labor market at the end of 2020.Weekly claims for the week ended Jan. 2 were 787,000, the Labor Department reported...

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