U.S. weekly jobless claims still elevated; core capital goods orders fall

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits held above 2 million last week for a 10th straight week amid job cuts by U.S. state and local governments whose budgets have been decimated fighting the COVID-19 pandemic and more second-wave layoffs in the private sector.Signs the economy was spiraling deeper into recession were underscored by other data on Thursday showing business spending on equipment plummeting in April. The economy contracted in the first..