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.
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“I've never seen emergency child care where somebody just shows up at your front door and helps you with no questions asked,” said Silke Knebel, founder of the National Childcare Emergency Network.
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.