Private payrolls, low jobless claims underscore U.S. labor market strength

U.S. private payrolls increased more than expected in June and fewer Americans applied for unemployment benefits last week, suggesting a rebound in job growth after May's paltry gains. Thursday's reports underscored the economy's strength and supported views that the United States would weather the impact of last month's British referendum to leave the European Union. "The labor market is tight, there are plenty of job openings, firms are holding onto labor, and the main factor restraining job g