Lumber prices have continued to decline after soaring by around 300 percent over the year in May, when they hit record highs and added around $36,000 to the cost of an average new single-family home. As sawmills have ramped up output and buyers put off purchases, both spot lumber prices and futures contracts have seen…
US Weekly Jobless Claims Drop Sharply; Second-Quarter GDP Growth Unrevised
WASHINGTON—The number of Americans filing new claims for unemployment benefits dropped more than expected last week as layoffs subsided, with companies desperate for workers to meet surging demand unleashed by a rapidly reopening economy. Initial claims for state unemployment benefits totaled a seasonally adjusted 406,000 for the week ended May 22, compared to 478,000 in…
US Drop in Vaccine Demand Has Some Places Turning Down Doses
April 23, 2021
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JACKSON, Miss.—Louisiana has stopped asking the federal government for its full allotment of COVID-19 vaccine. About three-quarters of Kansas counties have turned down new shipments of the vaccine at least once over the past month. And in Mississippi, officials asked the federal government to ship vials in smaller packages so they don’t go to waste….
Outages Drop Below One Million in Texas; Icy Weather Goes East
AUSTIN, Texas—Power outages in Texas dropped below 1 million on Thursday morning for the first time in four days, but many people remained without electricity or safe drinking water after winter storms wreaked havoc on the state’s power grid and utilities. Meanwhile, heavy snow and ice were expected Thursday in the Appalachians, northern Maryland, and…
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