Unemployment rate hits 4.3% as interest rates take economic toll
The rate dropped to its lowest level since early February
There have been job cuts across a range of sectors in the U.S. this year
Defaults, delinquencies poised to rise for rate-sensitive borrowers
The rise in prices complicates the ECB's next decision on whether to cut interest rates
Retail and wholesale trade as well as oil and gas sector weighed on growth
Slight pullback in rents mainly due to a spike in condo completions, Urbanation president says
Layoffs dropped to 1.5 million, the lowest since November 2022
Elevated prices for food, groceries are main driver of consumers’ view of U.S. economy
Germany, the leading European economy, remained in the dumps in the April-June quarter