January 24, 2008

Housing picture still dire, but labor market steady (Reuters)

Visitors search for job possibilities on the internet at Workforce Central Florida in Casselberry, Florida July 3, 2003. The number of U.S. workers applying for jobless benefits fell unexpectedly last week to the lowest level in four months, government data showed on Thursday, in a report showing a stable labor market even as the economy slows. (Joe Skipper/Reuters)Reuters – Sales of previously owned U.S. homes
fell more than expected in December, ending a year that brought
the sharpest housing slowdown since 1982 and the first annual
drop in prices since the Great Depression.

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