U.S. unemployment claims plunge, but so do new-home sales

07/24/2014 | Reuters

Sales of new homes in the crucial U.S. housing market dropped suddenly in June, but claims for jobless benefits last week fell to a post-crisis low. Analysts cite the claims number as yet another data point suggesting a steadily strengthening labor market. But they minimize the home-sales figure as a one-off, with other indicators pointing to improvement.

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