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US weekly jobless claims near 57-year lows; price reductions boost new home sales

Initial U.S. jobless claims fell to 197,000, a 57-year low, indicating continued labor market strength. Meanwhile, price cuts have boosted new home sales, suggesting some relief in housing affordability.

US weekly jobless claims near 57-year lows; price reductions boost new home sales

Initial U.S. jobless claims fell to 197,000, a 57-year low, indicating continued labor market strength. Meanwhile, price cuts have boosted new home sales, suggesting some relief in housing affordability.

Sources

  • Reuters — US weekly jobless claims near 57-year lows; price reductions boost new home sales

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