EconomyUnited States
US Jobless Claims Rise to 215,000; Layoffs Low Amid Iran War
Weekly US jobless claims rose to 215,000, but layoffs remain historically low despite economic uncertainty from the Iran war and rising oil prices.
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Weekly US jobless claims rose to 215,000, but layoffs remain historically low despite economic uncertainty from the Iran war and rising oil prices.
Phoenix, Tampa, San Antonio, Denver, and Portland lead US markets in home price cuts as high rates and inflation cool buyer demand.
Kevin Warsh was sworn in as Fed chair on May 22, inheriting an economy with 3.8% inflation, a divided FOMC, and pressure from Trump to cut rates.