While you were sleeping Solid factory, jobless data

Thu, 02 Jan 2014

By Margreet Dietz Jan. 3 (BusinessDesk) – Wall Street fell in the first trading session of 2014, even as US manufacturing and jobless claims provided further evidence of an accelerating recovery in the world’s largest economy. The US Institute for Supply Management’s manufacturing index edged lower in December, down to 57 from 57.3 in November, its highest level in more than two years. Separately, initial claims for state unemployment benefits fell 2,000 to a seasonally adjusted 339,000, according to Labor Department data. "Jobless claims r...

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