Troubles in the housing market and rising unemployment claims continue to stunt economic recovery. The National Association of Realtors reports sales of previously occupied homes fell 5.1 percent last month.
The Department of Labor is reporting an increase in first-time jobless claims with unemployment insurance up by 37,000.
On Wednesday, the Senate voted to restore emergency unemployment benefits through November for five million people.
Economists attribute the numbers to a weak housing sector, faltering consumer spending and a sluggish job market.
Source: CBN News
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