U.S. consumer spending beat expectations; outlook uncertain

WASHINGTON (Reuters) – U.S. consumer spending increased more than expected in September, but decreasing benefits for millions of unemployed Americans and a resurgence in COVID-19 cases across the nation could crimp spending in the fourth quarter.FILE PHOTO: An H&M store

U.S. weekly jobless claims increase; labor market recovery slowing

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly increased last week, supporting views the economic recovery from the COVID-19 pandemic was running out of steam amid diminishing government funding.Slideshow ( 3 images )The weekly