November 28, 2023

Weekly jobless claims rise, mortgage rates fall as economic recovery remains in flux – CBS News

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Jobless claims rose for the first time in the last week of July ahead of Friday’s monthly jobs report. Despite rising interest rates and fears of inflation, a new survey shows that mortgage rates are falling. The 30-year fixed rate fell below 5%. CBS News business analyst Jill Schlesinger explains all that means for the state of the economy.

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