Job-seekers line up at TechFair in Los Angeles. Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 209,000 for the week ended Aug.17. Reuters
US job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month.
US job growth slowed sharply in May and wages rose less than expected, raising fears that a loss of momentum in economic activity could be spreading to the labour market,
US retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start.
As key players in Dubai’s travel and hospitality sectors accelerate efforts to revitalise the tourism industry, several top attractions have opened their doors again to provide diverse experiences to UAE residents and tourists,
Global stocks were mixed on Tuesday ahead of a deadline to agree a pre-election US stimulus package, dealers said. In Europe, London and Paris stocks were higher in afternoon trades but Frankfurt lapsed into the red after an uninspiring performance in Asia.
The UAE has been ranked among the top three global commodity trading hubs, according to Dubai Multi Commodities Centre’s (DMCC), latest Future of Trade 2020 report.