The US economy continues to be in a slump
The Department of Labor latest report showed for the second consecutive week figures that came above the estimate.
The total filings came in at 860,000 for the week ended September 12. The consensus was 825,000. However, they are lower than last week's 893,000.
On the other hand, the number of continuing claims fell to 12.63 million, beating the 13 million expected, marking the lowest level since March.
Alongside the Department of Labor's disappointing data came negative news from the Census Bureau regarding the numbers in housing. Multifamily housing constructions dropped 14.2%, while those for single-family surged 6%.
Read all about last week's numbers here!
Sources: forexfactory.com, cnbc.com
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