The number of people applying for unemployment benefits in the U.S. fell for third straight week.
by the Federal Reserve, which has been ratcheting up its benchmark interest rate for a year in an effort to cool the economy, loosen the labor market and tame inflation.
The four-week moving average of claims, which evens out some of the weekly volatility, rose by 1,750 to 193,000, remaining below the 200,000 threshold for the sixth straight week.In February, the Fed raised its main lending rate by 25 basis points, its eighth rate hike in less than a year. The central bank’s benchmark rate is now in a range of 4.5% to 4.75%, its highest level in 15 years..
The real estate sector has also been battered by the Fed’s interest rate hikes. Higher mortgage rates — currently above 6% — have slowed home sales for 12 straight months. That’s almost in lockstep with the Fed’s rate hikes that began last March.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Applications for jobless claims fall for 3rd straight weekThe number of people applying for unemployment benefits in the U.S. fell for third straight week. That's good news for American workers, but potentially bad news in the fight against inflation by the Federal Reserve, which has been ratcheting up its benchmark interest rate for a year in an effort to cool the economy, loosen the labor market and tame inflation.
Read more »
Applications for jobless claims fall for 3rd straight weekIt’s good news for American workers but potentially bad news in the fight against inflation.
Read more »
5 AI Applications for Marketers to Streamline Work'AI is a disruptive technology that has proven impact across marketing including content development, customerexperience enhancement and the generation of synthetic data,' said Nicole Greene of GartnerMKTG to cmswire . Read more here.
Read more »
Dallas, Richardson taking applications for summer interns - KRLD NewsThe Cities of Dallas and Richardson have started recruiting companies and students to participate in their summer internship programs. Last year, Dallas Mayor Eric Johnson says 1,261 kids participated in 'Dallas Works.'
Read more »
Deputy U.S. marshals fatally shoot man in Southeast WashingtonThe incident occurred near the 4300 block of 3rd Street SE, in the Washington Highlands neighborhood.
Read more »
MCA to begin taking applications for help with heating billsMobile Community Action Inc. will begin accepting applications on Wednesday for its Low-Income Home Energy Assistance Program (LIHEAP).
Read more »