Initial jobless claims in the US jumped 25,000 to 304,000 last week, moving the average for seasonally adjusted jobless claims above the closely-watched 300,000 level.
Retail sales in the US fell an unexpected 0.8 percent in January, despite a surging job market and much lower costs for consumers. Experts say Americans may be using that extra cash to save or pay down debt, but retail sales should bounce back in the coming months.
The US economy added a surprising 257,000 jobs in January, but the unemployment rate increased 5.7 percent. The unemployment rate increase is good news, because it means more Americans are upbeat about their job prospects and beginning to look for work.
Despite challenges Africa countries are making significant progress toward ending hunger, a UN official says.