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Matt Ott, Associated Press

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Matt’s Recent Stories

Nation Mar 16

Fewer Americans apply for unemployment aid last week as layoffs remain low

Fewer Americans applied for jobless claims last week as the labor market continues to thrive despite the Federal Reserve's efforts to cool the economy and tamp down inflation.

Economy Mar 09

Applications for U.S. jobless aid rise by the most in 5 months, layoffs stay historically low

The number of Americans applying for unemployment benefits last week jumped by the most in five months, but layoffs remain historically low as the labor market continues to be largely unaffected by the Federal Reserve's interest rate hikes.

Politics Mar 02

Jobless claims fall for 3rd straight week, raises specter of more interest rate hikes

The number of people applying for unemployment benefits in the U.S. fell for third straight week.

Economy Jan 05

U.S. jobless claim applications fall to lowest in 14 weeks

The number of Americans applying for jobless benefits fell to the lowest level in more than three months last week, reflecting a still-robust job market despite the Federal Reserve's efforts to cool the economy and bring down decades-high inflation.

Economy Dec 01

Average long-term U.S. mortgage rates fall for a third week in a row

The average long-term U.S. mortgage rate ticked down for the third week in a row and have fallen more than a half-point since hitting a 20-year high less than a month ago.

Economy Dec 01

Applications for jobless benefits fall, suggests labor market unaffected by interest rate hikes

The number of Americans applying for unemployment benefits came back down last week and continue to hover around levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve's aggressive interest rate hikes.

Economy Nov 17

Fewer Americans filed for jobless benefits last week, contributing to inflation

The U.S. job market remains healthy as fewer Americans applied for unemployment benefits last week, despite the Federal Reserve's rapid interest rate hikes this year intended to bring down inflation and tighten the labor market.

Economy Nov 17

Average long-term U.S. mortgage rates fall to 6.61 percent

The average long-term U.S. mortgage rate tumbled by nearly a half-point this week, but will likely remain a significant barrier for potential homebuyers as Federal Reserve officials have all but promised more rate hikes in the coming months.

Economy Nov 11

Embattled cryptocurrency exchange FTX files for bankruptcy following collapse

Embattled cryptocurrency exchange FTX, short billions of dollars, is seeking bankruptcy protection following its collapse this week.

Economy Oct 27

U.S. mortgage rates hit 20-year high, top 7 percent after Fed hikes

Average long-term U.S. mortgage rates topped 7% for the first time in more than two decades this week, a result of the Federal Reserve's aggressive rate hikes intended to tame inflation not seen in some 40 years.

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