Unemployment, Manufacturing | featured news

Factory, jobless claims data signal weakness

Jobless Claims

U.S. manufacturing closed out its weakest quarter in three years this month and the number of Americans filing new claims for jobless benefits held near two-month highs last week, suggesting the economic recovery is failing to gain traction.

 

Weakness in US labor, factory data send sour signals

Economy

The number of Americans filing new claims for jobless benefits unexpectedly rose last week while US manufacturing improved only slightly in August, worrisome signs for an economy struggling to create enough jobs.

 

Markets Rebound After ISM

Stocks crawled out from under a deep early drop after an encouraging report on manufacturing offset grim employment figures.

 

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