U.S. labour market on solid footing; manufacturing still slowing
Share:
WASHINGTON (Reuters) - The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to underlying labour market strength despite a sharp slowdown in job growth in May.But the outlook for the economy continues to darken. Other data on Thursday showed factory activity in the mid-Atlantic region stalled in June, likely reflecting a recent escalation in trade tensions between the United States and China. The trade war has increased uncertainty..