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US new home sales drop to near 3-1/2-year low in January

WASHINGTON, March 19 (Reuters) - Sales of new U.S. single-family homes fell more than expected in January, hitting their lowest level in nearly 3-1/2 years, likely weighed down by harsh winter weather. New home sales tumbled 17.6% to a seasonally adjusted annualized... Read More.

US weekly jobless claims unexpectedly fall amid low layoffs

WASHINGTON, March 19 (Reuters) - The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, pointing to stable labor market conditions and a rebound in job growth in March. Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted... Read More.