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Total jobless claims reach 26 million as housing data weaken

from NAHB Now

Due to government-imposed shutdowns connected to COVID-19 mitigation, new jobless claims continued at a high, although slightly diminished pace this week with 4.4 million more unemployed. Over the past five weeks, the total number of jobless claims has reached 26 million, implying an unemployment rate of at least 11%. New single-family home sales in March declined, but performed better than expected. more

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