New home sales in the U.S. dropped last month as mortgage rates have soared.
According to the U.S. Census Bureau, new home sales fell 5.6% in October, more than expected.
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Tag: October
Unemployment Rate Rose in October
Newly released federal data show the economy created more jobs than expected but unemployment rose in October.
The U.S. Bureau of Labor Statistics released the data, which showed the economy added 261,000 jobs in October, higher than the Dow Jones estimate of 205,000 new jobs.
Read MoreAmazon to Kick Off Holiday Shopping with October Prime Day
Amazon is aiming to kickstart the holiday shopping season early this year.
The company is holding its annual Prime Day over two days in October this year, after the pandemic forced it to postpone the sales event from July. It’s the first time Prime Day is being held in the fall, and Amazon is positioning it as a way to get people to start their holiday shopping.
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