Name: U.S. labor market on solid ground, manufacturing struggling
Uploaded: 2019-06-20T16:11:20+00:00
Duration: 39 s
Description: The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to underlying labor market strength despite a sharp slowdown in job growth in May. But

4 years ago

The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to underlying labor market strength despite a sharp slowdown in job growth in May.

But the outlook for the economy continues to darken.

Other data 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 over the U.S.

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