WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits fell last week as companies hoard labor, suggesting the economy maintained a steady pace of job growth in May, but it is becoming harder for those out of work to find new opportunities. The weekly jobless claims report from the Labor Department on Thursday showed unemployment rolls approaching...

02:33 PM EDT, 05/22/2025 (MT Newswires) -- Home resales fell by 0.5% to a 4.0 million seasonally adjusted annual rate in April from a 4.02 million rate in March. Sales were down 2% from April 2024. Two of the four US regions posted month-over-month sales declines in April, gains in one, and an unchanged reading for another. There were slower...

02:42 PM EDT, 05/22/2025 (MT Newswires) -- Weekly applications for unemployment insurance in the US unexpectedly fell, while continuing claims increased, government data showed Thursday. The seasonally adjusted number of initial claims decreased to 227,000 in the week ended May 17 from the previous week's unrevised reading of 229,000, according to the Department of Labor. The consensus was for a...

NEW YORK (Reuters) -A Federal Reserve Bank of New York official responsible for implementing monetary policy said on Thursday the central bank is encouraging usage of a key liquidity tool that thus far has been largely dormant. When it comes to the Standing Repo Facility, or SRF, I encourage our counterparties to use the SRF when it makes economic sense...