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Economy

progree

(11,905 posts)

2. The housing market is in a deep recession, while manufacturing is slumping as higher borrowing costs

Reply to mahatmakanejeeves (Original post)

Thu Apr 20, 2023, 10:43 AM

Apr 2023

From the OP's link

The housing market is in a deep recession, while manufacturing is slumping as higher borrowing costs stifle demand. A separate report from the Philadelphia Fed on Thursday showed its measure of factory activity in the mid-Atlantic region plunged to the lowest level in nearly three years in April.

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US weekly jobless claims edge up; mid-Atlantic factory activity slumps [View all] mahatmakanejeeves Apr 2023 OP

Continuing claims: 1,865k (Up 61k from previous week, previous week revised down 6k) progree Apr 2023 #1

The housing market is in a deep recession, while manufacturing is slumping as higher borrowing costs progree Apr 2023 #2