The number of Americans applying for unemployment benefits rose to a one-month high and companies hired fewer workers than forecast, casting doubt on the vigor of the labor market.
First-time claims for unemployment insurance payments increased by 10,000 to 383,000 in the week ended May 26, Labor Department data showed today. Stocks and Treasury yields fell as the figures pointed to weakness in the world’s largest economy just as Europe’s debt crisis intensifies.
Bloomberg
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