Reuters - The U.S. labor market declined in May to the weakest in three-and-a-half years and is likely to deteriorate further, the Conference Board said on Monday as it launched a new leading indicator for employment.

Reuters - Pending sales of previously owned U.S. homes unexpectedly rose in April to the highest level in six months as foreclosed properties flooded the market and drove prices sharply lower, a real estate trade group report on Monday showed.

Reuters - Pending sales of previously owned U.S. homes rose in April to the highest level in six months as foreclosed properties flooded the market and drove prices sharply lower, a real estate trade group's report on Monday showed.

Reuters - The Dow briefly turned negative on Monday as shares of financial services companies, including JPMorgan Chase & Co , extended losses amid concerns about further fallout from the credit crisis.

AP - Retail gas prices rose further above a national average of $4 Monday, and are likely to keep rising as distributors and retailers hike prices in response to last week's unprecedented oil price rally.

Reuters - U.S. Treasury Secretary Henry Paulson refused on Monday to rule out intervening in currency markets to stabilize the dollar, but said the U.S. economy's long-term strength will "shine through" in the dollar's value.

AFP - The dollar rebounded slightly in Asian trade on Monday after plunging at the end of last week on news of a jump in the US unemployment rate, dealers said.

Reuters - Wall Street may be in for a rocky ride this week as investors recall Friday's triple threat -- oil at a record above $139 a barrel, a troubling unemployment report and the stock market's 3 percent drop -- while they await inflation data for May.

Reuters - President George W. Bush on Friday said the weak May employment report was consistent with an economy facing a slow growth period.

AP - Pink slips piled up and jobs disappeared into thin air in May as the nation's unemployment rate zoomed to 5.5 percent in the biggest one-month jump in decades. Wall Street swooned, and the White House said President Bush was considering new proposals to revive the economy.

Reuters - The U.S. unemployment rate surged to 5.5 percent in May, its highest in more than 3-1/2 years, as the barely growing economy lost jobs for the fifth straight month.