Labor Market Is Softening, but ‘Not Terribly Bad’: Economic Analyst
The number of people applying for unemployment benefits fell by 17,000 to 233,000 last week, easing concerns about the labor market. However, the drop was not enough to stifle speculation about a recession this year.
NTD spoke with Peter C. Earle, a senior economist at the American Institute for Economic Research, about what these numbers mean in the context of steady interest rates and the lowest mortgage rates in over a year.
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