US Jobless Claims Fall While Mortgages Rise
American unemployment claims dropped unexpectedly last week as the labor market remained stable. Meanwhile, rising mortgage rates and inflation continued to pressure the housing sector.
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Initial claims for state unemployment benefits in the United States fell 10,000 to a seasonally adjusted 196,000 for the week ended September 12, according to the Labor Department. The drop outpaced the 208,000 claims forecast by economists polled by Reuters.
