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Initial jobless claims rise to 16-week high
Initial filings for jobless benefits last week reached 218,000—the average level in 2019—from a downwardly revised 197,000 in the prior week. … READ MORE >
Chart of the day: U.S. housing starts fall amid rising mortgage rates
Housing starts fell by 0.2% on the month to 1.724 million annualized, according to the U.S. Census Bureau. … READ MORE >
Rising inflation eases but Canada’s housing remains a concern
While the overall inflation has slowed, hinting at a possible peak in the next few months, the cost of basic necessities like food, housing and gasoline continues to rise. … READ MORE >
Chart of the day: Industrial production hits record
The Federal Reserve’s index for industrial production volume rose by 0.8%, the fourth consecutive month of strong expansion. … READ MORE >
U.S. retail sales: A solid month of growth
Retail sales in the United States rose by 0.9% in April from a month earlier, the U.S. Census Bureau reported on Tuesday. … READ MORE >