11/01/2024
The number of Americans filing applications for unemployment benefits fell to a five-month low last week, dropping 12,000 to 216,000. Meanwhile, consumer spending increased more than expected, up 0.5% in September. This suggests the economy's strength heading next week's presidential election. For more market insights, contact us.
Source: https://www.reuters.com/markets/us/us-weekly-jobless-claims-fall-hurricane-distortions-fade-2024-10-31/