US initial jobless claims fell by 3,000 to 209,000 for the week ending May 16, signaling a still-resilient labor market. Separately, US housing starts declined in April, with single-family construction posting its sharpest drop in nearly a year. The data are mixed overall, with labor market strength offset by softer housing activity.
US initial jobless claims fell by 3,000 to 209,000 for the week ending May 16, signaling a still-resilient labor market. Separately, US housing starts declined in April, with single-family construction posting its sharpest drop in nearly a year. The data are mixed overall, with labor market strength offset by softer housing activity.
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