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EconomyUS labor market on solid footing as rising mortgages pressure housing sector

New US applications for unemployment benefits fell unexpectedly last week, although the Labor Day holiday may have overstated the decline. The underlying trend still suggests a stable labor market, while rising mortgage rates are weighing on the housing sector.

US economylabor markethousing market

RReuters★★★☆☆2026-09-17 17:35Original

US labor market on solid footing as rising mortgages pressure housing sector
US labor market on solid footing as rising mortgages pressure housing sectorEconomy