U.S. home sales, manufacturing stumble; job market resilient

U.S. home sales, manufacturing stumble; job market resilient

Sales of new U.S. single-family homes fell from near an 11-1/2-year high in April as prices rebounded and manufacturing activity hit its lowest level in almost a decade in May, suggesting a sharp slowdown in economic growth was underway. Labor market strength should support the economy, which is cooling

“It’s taken an extremely long period of time to gain back all of those jobs, much longer than any other cycle,” said Tom Porcelli, chief U.S. economist at RBC Capital Markets LLC. ” It really drives.

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U.S. home sales, manufacturing stumble; job market resilient (Adds details, analyst comments, updates markets) * New home sales drop 6.9% in April; prices increase * Markit flash U.S. PMI drops to 50.6 in May from 52.6 * Weekly jobless claims fall 1,000 to 211,000. By Lucia Mutikani

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Sales of new U.S. single-family homes fell from near an 11-1/2-year high in April as prices rebounded and manufacturing activity slowed to its lowest level in nearly a decade in May, pointing to a slowdown in economic activity.. U.S. home sales, manufacturing stumble; job market resilient.

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“Markets globally are very resilient to these types of events,” Patrick Spencer, head of equity sales. U.S. equity exchange-traded funds in the past five days and withdrawn $5.8 billion from bond.

Sales of new U.S. single-family homes fell from near an 11-1/2-year high in April as prices rebounded and manufacturing activity slowed to its lowest level in nearly a decade in May, pointing to a.

U.S. home sales, manufacturing stumble; job market resilient. Sales of new U.S. single-family homes fell from near an 11-1/2-year high in April as prices rebounded and manufacturing activity.

Sales of new U.S. single-family homes fell from near an 11-1/2-year high in April as prices rebounded and manufacturing activity hit its lowest level in almost a decade in May, suggesting a sharp slowdown in economic growth was underway. Labor market strength should support the economy, which is cooling

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