The number of Americans filing for unemployment benefits rebounded last week from a more than 48-year low, but the trend continued to point to robust labour market conditions.
That was underscored by other data on Thursday showing job cuts announced by US-based employers fell 20 per cent in February.
Federal Reserve officials consider the labour market to be near or a little beyond full employment. The tight jobs market is seen boosting wage growth and spurring inflation.
Initial claims for state unemployment benefits increased.....