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Beltway Confidential

Trash, garbage, and nonsense

Becket Adams -
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Applicants line up at a job fair at the Ocean Casino Resort in Atlantic City N.J., on April 11, 2022. Applications for jobless aid for the week ending July 9 rose by 9,000 to 244,000, up from the previous week's 235,000, the Labor Department reported Thursday, July 14, 2022. First-time applications generally reflect layoffs. Analysts had expected the number to remain flat from the previous week.

Jobless claims plunge to five-month low in sign recession may be far off

Zach Halaschak -
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FILE- In this Monday, Feb. 26, 2018, photo, work continues on a new development in Fair Lawn, N.J. On Friday, March 9, the Labor Department reported that U.S. employers added 313,000 jobs in February, the most in any month since July 2016, and drawing hundreds of thousands of people into the job market.
Business

GDP fell 0.6% in second quarter as recession fears grow

Zach Halaschak -
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A woman walks past a headline posted on a wall in London, Tuesday, Sept. 27, 2022. The British pound has stabilized in Asian trading after plunging to a record low, as the Bank of England and the British government try to soothe markets nervous about a volatile U.K. economy. The instability is having real-world impacts, with several British mortgage lenders withdrawing deals amid concern that interest rates may soon rise sharply.
Economy

Bank of England enacts emergency bond buys to stave off crisis after pound crash

Zach Halaschak -
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Most fear ‘1930s-like Depression’: Rasmussen poll
Economy

Most fear ‘1930s-like Depression’: Rasmussen poll

Paul Bedard -
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Pound hits historic low against the dollar: Here’s what it means
Economy

Pound hits historic low against the dollar: Here’s what it means

Zach Halaschak -
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Home sale signs are posted along Topanga Canyon road in Los Angeles, on Thursday, Oct. 19, 2023. Sales of previously occupied U.S. homes in September fell for the fourth month in a row, grinding to their slowest pace in more than a decade as prospective homebuyers grapple with surging mortgage rates and a near historic-low level of properties on the market.

New home sales unexpectedly tick up in August

Zach Halaschak -
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Mortgage rates soar above 7%, highest in more than two decades
News

Mortgage rates soar above 7%, highest in more than two decades

Zach Halaschak -
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Investors are now bracing for ‘hard landing’ for economy

Investors are now bracing for ‘hard landing’ for economy

Zach Halaschak -
0
Applicants line up at a job fair at the Ocean Casino Resort in Atlantic City N.J., on April 11, 2022. Applications for jobless aid for the week ending July 9 rose by 9,000 to 244,000, up from the previous week's 235,000, the Labor Department reported Thursday, July 14, 2022. First-time applications generally reflect layoffs. Analysts had expected the number to remain flat from the previous week.
Business

Jobless claims tick up to 213,000, pausing one of most positive economic trends

Zach Halaschak -
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