US weekly jobless claims at 4-month low; housing market remains on the back foot

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The number of Americans filing new applications for unemployment benefits dropped to a four-month low last week, pointing to solid job growth in September.

<p>WASHINGTON — The number of Americans filing new applications for unemployment benefits dropped to a four-month low last week, pointing to solid job growth in September and offering confirmation that the

com/article/51131743/fed-cuts-rates-by-half-a-percentage-point-cites-greater-confidence-on-inflation" rel="follow" target="_blank">interest rates</a> by 50 basis points to the 4.75%-5.

 

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