America In Focus: Unemployment rate climbs, mortgage rate hits nearly 3 year high
Over the past week, the U.S. economy and inflation have been major topics of discussion. Americans' confidence in the economy plummeted to its lowest level since 2014, with concerns over high gas, grocery, and service prices. The average long-term U.S. mortgage rate soared to nearly 3-year high of 7.28%, the highest since November 2023. Despite this, U.S. job openings decreased, but the labor market remains resilient. Despite this, the unemployment rate remained relatively low at 4.2%.
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