The U.S. economy emerged from its winter lull with a moderate spring rebound, but the historically sluggish expansion is looking even more sluggish as it enters year seven.

The auto industry’s biggest market has slipped into the slow lane, with China new-car sales last month registering a rare decline that presents another emerging markets’ headache for global auto makers.

U.S. labor costs rose at the slowest pace in at least three decades in the spring, a sign of persistently sluggish wage growth that could weigh on the Federal Reserve’s decision to raise short-term interest rates.

Much more is highlighted in Reports and Announcements