Economy Takes a Sharp Turn | Wilmington News

Job market takes a surprising turn as employers slash 23,000 positions, revising prior months’ figures downward by over 100,000 — while unemployment dips to 4.1% thanks to 260,000 people dropping out of the labor force. Mortgage rates hit a 12-month high at 6.69%, squeezing homebuyers, yet stocks rally on hopes the Fed may pause rate hikes. Unemployment claims edge up to 199,000 — a small but watchful sign. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d1aafca0405c8786