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 …
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 …
Read More »China’s factory auction will drop in July as recovery gains momentum
BEIJING (Reuters) – China’s factory auction loses in July, driven by rising global oil prices and as industrial activity climbed back to pre-coronavirus levels, adding to signs of recovery in the world’s second largest economy . PHILO PHOTO: A worker is seen at a hot rolling production line at the …
Read More »United States consumer spending continues; declining revenue poses a challenge
WASHINGTON (Reuters) – US consumer spending rose for the second month in a row in June, setting consumption for a third-quarter rebound, though the recovery could be limited by a resurgence in COVID-19 cases and the end of expanded unemployment benefits. Concerns about skyrocketing coronavirus infections and expiring unemployment benefits …
Read More »The Fed chief says the surge in the coronavirus slows down the US economic recovery.
(Reuters) – The rise in coronavirus cases in the United States is beginning to weigh on economic activity, the head of the Federal Reserve said on Wednesday, vowing that the United States central bank “will do what we can, and for as long as necessary. ” “To limit damage and …
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