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US weekly jobless claims fall amid labor market resilience

WASHINGTON, May 21 (Reuters) - The number of Americans filing claims for unemployment benefits fell last week, pointing to labor market resilience and giving the Federal Reserve room to focus on rising inflation. Initial claims for state unemployment benefits slipped 3,000 to a seasonally adjusted... Read More.

US single-family housing starts tumble in April

WASHINGTON, May 21 (Reuters) - U.S. single-family homebuilding dropped sharply in April and permits for future construction fell, suggesting the housing market could remain subdued for a while as the Iran war drives up mortgage rates and an oversupply of new houses persists. Single-family... Read More.