Unemployment insurance claims dropped more than expected last week. The number of people filing for jobless benefits for the first time fell to 205,000, the lowest level since January.
The Fed is charged with promoting a strong economy by maintaining stable prices and maximum employment, but the latter could be a challenge with a job market that’s slowing.
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New homeowners are using the “buy now, pay later” credit tool during and after the process of buying a home, according to research from the JPMorganChase Institute.
Ski resorts rely on good snow years to make a profit, but weather is fickle. Selling discounted ski passes before the season even starts changed the game.