Investor Warren Buffett says the economy and U.S. job market continue to improve, but slowly.
An overnight fire at the Labor Department’s headquarters has shut the building down for most employees.
The number of Americans seeking unemployment aid rose to a four-month high last week, although the increase partly reflects seasonal distortions around the spring holidays.
The number of people seeking U.S. unemployment aid barely changed last week, and the average over the past month fell to a fresh five-year low. The decline in layoffs is helping strengthen the job market.
The U.S. Postal Service is bracing for a first-ever default on billions in payments due to the Treasury, adding to widening uncertainty about the mail agency’s solvency as first-class letters plummet and Congress deadlocks on ways to stem the red ink.
Virginia’s unemployment rate remained at the lowest rate in three years in May and is still below the national average.
Fewer U.S. states reported job gains last month, reflecting a slower pace of hiring nationwide.