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Manufacturing in Mid-Atlantic Region Falls

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-- -- -- The unemployment line about a little shorter last week but not enough to indicate a pickup in hiring.

387000.

People filed for first time jobless benefits the four week moving average which smooth out volatility rose to its highest level since December.

Manufacturing activity in the mid Atlantic region contracted for a second straight month.

The Philly Fed's latest regional index fell sharply to a reading of negative sixteen point six providing more evidence the economy is faltering.

And mortgage rates on a thirty year fixed loan fell this week to a record low for the seventh time in eight weeks.

According to Freddie Mac the average interest rate is now three point 66%.

It has been below 4% since December.

The fifteen year mortgage also dropped to two point 95%.

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