21-05-2015 17:37 via news.yahoo.com

U.S. labor market resilient despite sluggish economy

By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose slightly more than expected last week, but the underlying trend continued to point to a rapidly tightening labor market. The modest rebound in growth at the start of the second quarter was underscored by other data on Thursday showing a surprise decline in home resales in April and persistent weakness in manufacturing in May. Initial claims for state unemployment benefits increased 1
Read more »