US jobless claims rise; layoffs trending lower
The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained below a level associated with a strong labor market.
Another report on Thursday showed announced job cuts by U.S.-based employers fell in March for a second straight month.
Labor market strength, however, has not been accompanied by robust wage growth, making it unlikely the Federal Reserve will raise interest rates soon. The U.S. central bank is also keeping a cautious eye on international developments. Read more