Layoffs Continue to Drop to the Lowest Level Within the Last Two Months

The number of people seeking unemployment benefits fell further for third straight week to the lowest level in the last couple of months. It seems that the worst months for the labor market could be behind us. – Research

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Construction Slows after Three Busy Months; Rates Vary Widely–Nothing To Do With Fed

Residential construction activity took a breather in August. The U.S. Census Bureau and the Department of Housing and Urban Development reported this morning that all three measures, housing permits, starts, and completions, were lower than their unexpectedly high July rates. Permits for residential construction were issued during the month at a seasonally adjusted annual rate […]

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