Rising Jobless Claims and Manufacturing Slowdown Signal Labor Market Strains

More information in our economic calendar.State-level variations and industry-specific trimming Many states experienced remarkable changes in unemployed claims. California reported the highest growth with 4,280 additional claims, while Texas and Virginia also saw large -scale ups. Sorting in manufacturing, administrative services, transport and food services contributed to these growth. In contrast, New York saw a…

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U.S. Housing Starts Surge 11.2% in February, But Falling Permits Signal Future Slowdown

Building permit continues to decline Building permit, a major indicator of future building, fell to an annual rate of 1.456 million in 1.2% month. This decline increased the trend downward, with the permit now 6.8% from year to year. Single-family authorities remained relatively stable at 992,000 below 0.2% from January. However, permits for multi-family units…

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Jobless Claims Hit 221K, But Insured Unemployment Rise Sparks Concern

State-level trends and regional trimming State-level data reveals the conditions of the labor market mixed. The most significant increase in early claims was described in Massachusetts (+3,808), Road Island (+2,081), and Illinois (+1,539), mainly due to pruning in education, transportation, construction and manufacturing. In contrast, Kentaki (-3,074), California (-2,657), and Tennessi (-2,550) saw the greatest…

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