(Reuters) – The US drive to boost its economy in the midst of a pandemic came to a halt last week with signs that declining unemployment and business subsidies may have begun to take a toll. PHILO PHOTO: People who lose their jobs are usually waiting to work for unemployment …
Read More »China’s economic recovery is underway as consumer comeback remains inevitable
BEIJING (Reuters) – China’s retail sales fell in July, sparking high expectations for modest growth as consumers in the world’s second-largest economy failed to shake warnings about the coronavirus while recovering of the manufacturing sector struggled to pick up pace. PHILO PHOTO: People wear protective face masks as seen in …
Read More »China’s economic recovery is underway as consumer comeback remains inevitable
BEIJING (Reuters) – China’s retail sales fell in July, sparking high expectations for modest growth as consumers in the world’s second-largest economy failed to shake warnings about the coronavirus while recovering of the manufacturing sector struggled to pick up pace. PHILO PHOTO: People wear protective face masks as seen in …
Read More »UK job losses hit tens of hundreds, less anticipated
LONDON (Reuters) – The number of people at work in Britain has suffered the biggest drop since 2009 and signs are growing that the coronavirus will take a heavier toll on the labor market as the government abandons its enormous job protection scheme. Led by a record dip in self-employment, …
Read More »U.S. job opening grows in June, likely exaggerating labor market health
WASHINGTON (Reuters) – US job opening grew in June, but the increase in vacancies was accompanied by an increase in workers closing their positions at hotels, restaurants and bars, probably due to fears of exposure to COVID-19 and problems with to ensure child care. FILE PHOTO: Employers Apply for the …
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