From housing to layoffs, the US economy is in full rebound mode

Weekly jobless claims in the US just hit a new coronavirus pandemic low, while the nation’s housing market is so hot that the supply of more affordable single-family homes is not keeping up with demand.

Weekly jobless claims in the United States just hit a new pandemic low, while the nation’s housing market is so hot that the supply of more affordable single-family homes is not keeping up with demand. Welcome to an economy in full-on rebound mode. The latest batch of data confirming as much dropped on Thursday. The US Bureau of Labor Statistics said the number of Americans filing for unemployment benefits with states fell by 38,000 last week to 406,000 – the lowest reading in 14 months.