04-02-2016 18:40 via news.yahoo.com

Rising U.S. layoffs hint at ebbing labor market momentum

By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose more than expected last week, suggesting some loss of momentum in the labor market amid a sharp economic slowdown and stock market selloff.  Signs of creeping employment weakness were also flagged by another report on Thursday showing a 218 percent jump in announced job cuts by U.S.-based employers in January. The planned layoffs were concentrated in the energy and retail sectors. "The fut
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