SHANGHAI (Reuters) – Profits of China’s industrial companies rose for the fourth straight month in August, driven by lower prices of goods and equipment, the Bureau of Statistics said on Sunday. File photo: On September 2, 2019, a worker welds the edge of a bicycle steel in sports equipment at …
Read More »New home sales in the U.S. have risen the fastest since 2006 as the housing market shines through the epidemic.
Associated Press The Census Bureau noted Thursday that the new U.S. Home sales grew 8.8% in August, to ten million units annually. That rate was the highest since 2006 and sales have increased for four consecutive months. The agency’s estimate of new homes for sale fell to 282,000, reflecting a …
Read More »U.S. Employment growth slowed in August, with the unemployment rate below 10%
WAS SHINGTON (Reuters) – U.S. Job Growth Probably. It will slow further in August, as financial aid from the government is threatening the recovery of the economy from the Covid-19 recession. File photo: Hundreds flee Frank outside the Kentucky Career Center, June 18, 2020 in Frankfurt, Kentucky, USA. In hopes …
Read More »Initial job claims have dropped from 1,000,000 to 1,881,000, but leave the statistical system unchanged.
Digits: New applications for unemployment benefits fell sharply last week to an epidemic low, but the overall decline was a big change in how data is reported rather than finding more people in jobs. No progress has been made in the absence of change in the labor market. Initial job …
Read More »A new wave of scattering, U.S. Points to new barriers to economic recovery
U.S. The recent layoffs and furlough provocations are also creating a new obstacle to a fragile economic recovery, the pace of which seems to be waving the flag. A large number of airline carriers and hotel chains such as American Airlines AAL. + 2.33% And MGM Resorts MGM, + 4.60% …
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