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What We Are Following in the News

So far, based on available data, there’s no evidence of a dramatic increase in joblessness in the country. Weekly applications for unemployment benefits even fell in the most recent figures released by US states. The current level, 218,000, is low by historical standards — less than the average during the five years before the pandemic.

We have shared a number of layoff stories in the past few months. Economists are viewing this as not a series of one-offs but more like a warning sign. With data harder to come by worker anxiety is rising. https://buff.ly/9q6Z06h

You know that the Supreme Court is hearing a case about tariffs this week. But did you know that it is being brought by the maker of furry yoga balls? https://buff.ly/2qoRA5O

Oil prices rose a day after Opec+ agreed to pause plans to increase production next year. They plan a small increase through December and then no increases in January forward. https://buff.ly/fCSiAke

The unaffordable housing market is causing a growing number of home buyers to take on adjustable-rate mortgages to cut their borrowing costs. They reset usually after three to 10 years, which can saddle borrowers with higher monthly payments if mortgage rates have risen over that time. https://buff.ly/tyTDcE8

European companies’ results show they’re navigating US tariffs a lot better than anticipated — a good omen for next year when they’re expected to deliver double-digit profit growth. https://buff.ly/UakW77T