Market to Market

Economic Outlook May 22, 2020

May 22, 2020  | Ep4540

More than 2.4 million people applied for unemployment benefits last week bringing the total to 38.6 million filings.

The Commerce Department says housing starts plummeted 30 percent in April to the lowest level since 2015.

Existing sales were off almost 18 percent, but supplies tightened – pushing the prices to a new high.

The Rural Mainstreet Index improved from April’s record low to finish at 12.5. The Creighton University survey of bank CEOs in 10 states also revealed three out of four banks in rural areas say they have restructured farm loans to deal with weak farm income.

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