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Sunday, 29 June 2014

Jobs, cars seen cementing U.S. spring rebound

People fill out paperwork before attending an orientation class at the Manhattan branch of the New York State Department of Labor By Philip Blenkinsop BRUSSELS (Reuters) - The United States can firmly consign its weather-beaten start to the year to history this week with June vehicle sales and jobs data expected to show a strong end to the second quarter. The U.S. economy contracted at a 2.9 percent annual rate, the sharpest decline in five years, in the Jan-March period, figures showed last Wednesday. An exceptionally bitter winter, the expiration of long-term unemployment benefits and a marked slowdown in restocking by businesses combined to drag down the world's largest economy, but these factors should have faded by April.








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