Morning Business Report: New unemployment claims hit three-year low as mortgage market hesitates and major cheese recall issued
New data from the U.S. Labor Department shows unemployment claims dropped by 27,000 in the final week of November, pushing filings to their lowest level in three years.
(LILAMAX)- New data from the U.S. Labor Department shows unemployment claims dropped by 27,000 in the final week of November, pushing filings to their lowest level in three years. The numbers will be a key factor in next week’s Federal Reserve meeting, where policymakers are expected to discuss potential rate cuts. Despite last week’s dip in mortgage rates, would-be homebuyers…