Manufacturing, Jobs Reports Add Up to More Bad News - US Business News - CNBC: U.S manufacturing grew in June at its slowest pace in 11 months and hiring in the sector slowed as overseas demand for U.S. products waned, an industry survey showed on Thursday.
The number of Americans filing new claims for unemployment benefits was also little changed last week, according to the U.S. Labor Department.
Financial information firm Markit said its U.S. "flash" manufacturing Purchasing Managers Index fell to 52.9 from 54.0 in May. The June reading was the lowest since last July although it stayed above 50, indicating expansion in activity.
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