The latest data on Thursday showed initial jobless claims last week increased by 9,000, to a seasonably adjusted 408,000, and exceeding analysts expectations.
The National Association of Realtors said home sales fell 3.5 percent last month to a seasonally adjusted annual rate of 4.67 million homes. This year’s pace is lagging behind last year’s, which were the weakest in 13 years.
In another report, the Labor Department said consumer prices rose rose 0.5 percent in July, the fastest rate in four months, pushed up by gasoline prices. It followed a decline of 0.2 percent in June.
Luckily down here in the trend-bucking bubble of the Gulf South perpetual disaster zone, our "job creators" are helping us keep the gloom at bay. Case in point, this actual NOLA.com headline.
Pearl River spill cleanup gives laborers chance to help, make money
Armed with hard hats, life vests and rakes, more than 100 men and women braved baking temperatures and stomached nauseating odors on Thursday to start picking up thousands of fish killed in the Pearl River system late last week by a dumped chemical mixture that depleted much more oxygen in the water than usual.
Dead fish and paper mill waste. It's what opportunity smells like.
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