America Breaking News: Jobless Claims Up Slightly

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America Breaking News: Jobless Claims Up Slightly

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America Breaking News: Jobless Claims Up Slightly

by Wochit 0:46 mins

Initial claims for state unemployment benefits rose 18,000, but the increase was not enough to signal a significant shift from the recent pace of job growth. Home resales rose in May to the highest level in 3-1/2 years and prices jumped, a sign the housing sector recovery is gathering steam and could give the economy a significant boost this year. The Senate voted overwhelmingly to approve White House international economic affairs adviser Michael Froman to be the next U.S. trade representative, sending him into the fray of huge trade negotiations in Asia and Europe.

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