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U.S. job growth decelerates in July, casts shadow on recovery's strength
WASHINGTON (Reuters) – U.S. employment growth slowed considerably in July amid a resurgence in new COVID-19 infections, offering the clearest evidence yet that the economy’s recovery from the recession caused by the pandemic was faltering.
Read moreUS: McConnell says economy needs 'another boost' in COVID-19 aid
Nonpartisan analysts say Senate Republicans could lose their majority, which might pressure McConnell to act. Senate Majority Leader Mitch McConnell has said the United States economy needs an “additional boost” to cope with the fallout of
Read moreU.S. weekly jobless claims hover at higher levels
WASHINGTON (Reuters) – The number of Americans seeking unemployment benefits fell last week, but remained significantly high, suggesting the labor market was stalling as the country battles a resurgence in new COVID-19 cases that is
Read moreU.S. private payrolls growth slows sharply, trade deficit shrinks
WASHINGTON (Reuters) – U.S. private employers hired far fewer workers than expected in July as companies exhausted loans to help with wages and new COVID-19 infections flared up across the country, supporting the view that
Read moreChina pursues economic self-reliance as external risks grow: advisers
BEIJING (Reuters) – China is looking to reduce its reliance on overseas markets and technology for its economic development, government advisers say, as U.S. hostility and a global pandemic increase external risks that could hamper
Read moreS.Korea says will increase public housing to calm fears about home shortgages
SEOUL, Aug 4 (Reuters) – South Korea’s ruling party floor leader on Tuesday said the government and the ruling Democratic party has “large scale” projects to increase public housing to calm fears about home shortgages.
Read moreU.S. manufacturing activity near 1-1/2-year high; construction spending extends drop
WASHINGTON (Reuters) – U.S. manufacturing activity accelerated to its highest level in nearly 1-1/2 years in July as orders increased despite a resurgence in new COVID-19 infections, which is raising fears about the sustainability of
Read moreU.S. consumer spending presses ahead; declining income poses challenge
WASHINGTON (Reuters) – U.S. consumer spending increased for a second straight month in June, setting up consumption for a rebound in the third quarter, though the recovery could be limited by a resurgence in COVID-19
Read moreU.S. consumer spending rises for second straight month, income drops further
WASHINGTON (Reuters) – U.S. consumer spending increased for a second straight month in June, setting up consumption for a rebound in the third quarter, though the recovery could be limited by a resurgence in COVID-19
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