Business & Economy
Associated Press/Photo by Wilfredo Lee (file)

Unemployment claims rise again

by Rachel Lynn Aldrich
Posted 7/23/20, 11:33 am

About 1.4 million Americans applied for unemployment benefits last week. The number, which just represents new jobless claims, rose for the first time in four months. But the total number of people receiving unemployment fell by 1.1 million to 16.2 million, according to the U.S. Labor Department’s Thursday report.

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Associated Press/Photo by Keith Srakocic (file)

Mortgage rates at half-century low

by Rachel Lynn Aldrich
Posted 7/17/20, 12:33 pm

The average for a 30-year fixed-rate home mortgage fell to 2.9 percent this week, according to Freddie Mac on Thursday. That’s the first time in 50 years the rate has dropped below 3 percent. Homeowners refinanced more than double the number of home loans—2 million—between January and April than they did during the same period last year, according to CoreLogic, a real estate data company.

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Associated Press/Photo by Mark Lennihan

Jobs slowly return in the U.S.

by Rachel Lynn Aldrich
Posted 7/02/20, 03:50 pm

The unemployment rate in the United States dropped from 13.3 percent in May to 11.1 percent in June, according to a report released by the federal government on Thursday. Businesses added 4.8 million jobs last month as they cautiously reopened across the country.

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