America In Focus: Unemployment rate climbs, mortgage rate hits nearly 3 year high

Economic Times - Oct 3, 2026

The US economy showed mixed signals over the past week, with consumer confidence falling to its lowest level since 2014 and mortgage rates reaching nearly a three-year high. Hiring weakened and job openings declined, while inflation eased slightly. Meanwhile, second-quarter GDP growth was revised higher and stocks remained near record levels.

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