Sales of previously owned homes rose to their strongest pace in nearly a decade in June.
The pace of existing home sales increased 1.1% last month from May to a seasonally adjusted rate of 5.57 million, the National Association of Realtors said Thursday. That puts them at their highest level since February 2007.
Initial claims for state unemployment benefits slipped 1,000 to a seasonally adjusted 253,000 for the week ended July 16.
Claims have now been below 300,000, a threshold associated with a healthy labor market, for 72 straight weeks, the longest stretch since the Labor Department started keeping this data in 1973.
US stock market indices are at record highs.
A recession looks nothing like this.
The idea advanced by Austrian-lites that the Fed will reverse its December rate hike and possibly go negative is absurd.