The growth rate for retail sales this holiday season is forecast to be less strong than in recent years, according to forecasts released on Tuesday by consulting firm Deloitte. But, how growth is being muted will depend on how much high-income consumers split, and how much belt-tightening happens in low-income …
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The U.S. economy added more jobs than expected in August as the federal government cut almost all major sectors for the 2020 census and increased retail employment. The Labor Department reported on Friday that payrolls in August rose 1.37 million from an estimate of 1.32 million by economists polled by …
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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 …
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Exceptionally strong demand, historically low supply and record low mortgage rates combined for the fastest home price growth since 2018. Nationally, house prices in July were 5.5% higher than in 2019. This is a significant increase from the 4.3% annual gain seen in June, according to Corlogic. The onset of …
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Irish Finance Minister Pascal Donoho said the teams negotiating Brexit should redouble their “creativity and commitment” to reach an agreement before the end of the year, as officials and governments are currently plagued by the coronavirus epidemic. Donoho told CNBC on Friday that the importance of the EU-UK negotiations has …
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