US consumers continued to spend in July but the gains were much slower than the prior two months amid a surge in coronavirus cases, and confidence remained in a “depressed range,” according to new data released on Friday.
Washington: US hiring crashed unexpectedly last month, hitting its lowest level in nearly a decade as small businesses and construction companies shed workers, according to payroll data released Wednesday. The sudden drop in hiring left forecasts in tatters and suggested Friday’s highly anticipated federal jobs report
Warren Buffett is upbeat on US economy and his company Berkshire Hathaway continues to buy back its stocks even as COVID-19 pandemic hits results.
America’s jobs engine downshifted in August as employers unexpectedly held back hiring across major industries, another sign that the world’s largest economy could be weakening, government data showed on Friday.
US President Joe Biden’s grades on his one-year report card are mixed but his approval rating has fallen from 56 per cent at his inauguration in January 2021 to 41 per cent now. Democrats are despairing but doing little to deal with the situation.
Historically low joblessness is the kind of thing American leaders dream of, but President Joe Biden also has nightmarishly high inflation that supporters and opponents alike believe may cost his Democratic Party dearly.
The number of Americans filing new claims for unemployment benefits increased to a three-month high last week amid rising layoffs in the technology sector, but that likely does not suggest a material shift in labour market conditions, which remain tight. Weekly jobless claims data tend to be volatile around the start of the holiday season.
New American President Joe Biden has a tough task ahead, actually a series of challenges. His main job is uniting a nation riven by racial and economic discord, apart from doing a repair job on the damage caused to the image of the country, thanks to his
Gold prices jumped more than 1 per cent on Friday and were headed for a weekly gain, as the dollar eased, while investors looked forward to US jobs
The US economy maintained a moderate pace of job growth in July, but solid wage gains and a decline in the unemployment rate pointed to continued tightness in labour market conditions. Nonfarm payrolls increased by 187,000 jobs last month, the labour Department said in its closely watched employment report on Friday.