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Weekly jobless claims drop to nearly their lowest level since the pandemic started in March

New filings for jobless claims in the U.S. totaled 787,000 last week, nearly the lowest total since the early days of the coronavirus pandemic.

Unemployment claims are down. It’s not all for good reasons

About 1 million fewer workers were collecting state unemployment benefits the week of Oct. 10 relative to the week prior, the Labor Department said Thursday. Much of that reduction likely isn't attributable to people returning to work.

September existing home sales jump 9.4%, but 'prices are rising too fast' as supply remains tight

The inventory of homes for sale fell 19.2% annually to just 1.47 million homes for sale at the end of September.

Weekly jobless claims drop to the lowest level since the pandemic started in March

New filings for jobless claims in the U.S. totaled 787,000 last week, the lowest total since the early days of the coronavirus pandemic.

Economic recovery could slow in Q4 after 'steroid of fiscal stimulus' fades, JPMorgan Asset Management says

JPMorgan Asset Management's David Kelly told CNBC the U.S. will get a stimulus package after the November presidential elections are over.

A Fed official who could be Biden's Treasury secretary says Congress needs to pass stimulus to save the recovery

The central bank official cited several areas of concern, including slowing gains in the jobs market from the 21 million positions lost in the early days of the coronavirus pandemic.

Fed's Brainard calls for more stimulus from Congress amid 'highly uneven' recovery

The central bank official cited several areas of concern, including: slowing gains in the jobs market from the 21 million positions lost in the early days of the coronavirus pandemic.

Mortgage demand from homebuyers falls for the fourth straight week

Homebuyer demand is incredibly strong compared with last year, but there appears to be a slight pullback this month.

A 'blue wave' in U.S. elections could bring forward Fed rate hikes, says Morgan Stanley

The first rate hike by the Federal Reserve could be brought forward from around 2024-2025 to 2023-2024, said Jim Caron, a fixed income portfolio manager at Morgan Stanley Investment Management.

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Economic News

Weekly jobless claims drop to nearly their lowest level since the pandemic started in March

Unemployment claims are down. It’s not all for good reasons

September existing home sales jump 9.4%, but 'prices are rising too fast' as supply remains tight

Weekly jobless claims drop to the lowest level since the pandemic started in March

Economic recovery could slow in Q4 after 'steroid of fiscal stimulus' fades, JPMorgan Asset Management says

A Fed official who could be Biden's Treasury secretary says Congress needs to pass stimulus to save the recovery

Fed's Brainard calls for more stimulus from Congress amid 'highly uneven' recovery

Mortgage demand from homebuyers falls for the fourth straight week

A 'blue wave' in U.S. elections could bring forward Fed rate hikes, says Morgan Stanley

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