WASHINGTON: The number of Americans filing new claims for jobless benefits hit a three-month low last week, suggesting some strength in a labour market that has been hobbled by severe weather.
The Commerce Department said new orders for manufactured goods declined 0.7% after falling 2% in December. Shipments fell for a second straight month. Another report showed a sharp downward revision to business productivity in the fourth quarter, suggested firms may need to step up hiring soon to maintain output.
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