Housing, jobs data weaken, but overall economic picture still upbeat
By Lucia Mutikani
WASHINGTON Thu Dec 19, 2013 1:45pm EST
(Reuters) – U.S. home resales hit a near one-year low in November and new filings for unemployment benefits unexpectedly rose last week, putting a wrinkle in an otherwise brightening economic picture.
The reports on Thursday came a day after the Federal Reserve gave the economy a vote of confidence by announcing that it would reduce its monthly $85 billion bond buying program by $10 billion starting in January.
“Things have not changed. It’s still a marginally rosier outlook in the short-term,” said Jacob Oubina, senior U.S. economist at RBC Capital Markets in New York
https://www.reuters.com/article/2013/12/19/us-economy-jobless-idUSBRE9BI0OP20131219