𝕏xUS first seen 13 h ago, last 13 h ago, peak #6
US unemployment climbs as mortgage rates hit three-year high
Original: America In Focus: Unemployment rate climbs, mortgage rate hits nearly 3 year high
US unemployment is rising while 30-year mortgage rates have reached their highest level in nearly three years, according to an America In Focus report. The twin moves point to cooling hiring alongside persistently expensive borrowing costs, squeezing homebuyers and raising questions about the direction of the world's largest economy and the Federal Reserve's next steps.
Why now: Rising joblessness combined with sharply higher mortgage costs is a troubling economic signal affecting households and markets.
United StatesFederal ReserveUS labor marketUS housing market
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