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US economy

US nears vaccine approval, economic relief as pandemic rages on
World

US nears vaccine approval, economic relief as pandemic rages on

  • The US House of Representatives was set to vote on Wednesday on a one-week stopgap funding bill that will buy more time to reach a deal on COVID-19 relief.
  • "These kids are struggling. They were struggling before COVID, and everybody looks past them," social worker Lindsey Esposito said.
Published 10 Dec, 2020 12:38am
US private payrolls growth slows in October: ADP
World

US private payrolls growth slows in October: ADP

  • Private payrolls increased by 365,000 jobs last month, the ADP National Employment Report showed on Wednesday.
  • It was released ahead of the government's closely watched, and comprehensive, monthly employment report on Friday.
Published 04 Nov, 2020 07:31pm
Fed's Barkin says recent labor market improvements will slow
World

Fed's Barkin says recent labor market improvements will slow

  • Many small businesses are reducing staff to adjust to lower demand, and the level of people filing for jobless claims for the first time each week remains elevated six months after the shutdown.
  • If this rate of initial claims continues, you have to imagine the recent improvements in the labor market are going to slow.
Published 22 Sep, 2020 10:27pm
US weekly jobless claims back over 1 million
World

US weekly jobless claims back over 1 million

  • Initial claims for state unemployment benefits rose to a seasonally adjusted 1.106 million for the week ended Aug. 15.
  • The previous week's level had marked the first time since March that new claims had registered below the 1 million level.
Published 20 Aug, 2020 06:57pm
US economy rebounding strongly; fresh aid going to unemployed
World

US economy rebounding strongly; fresh aid going to unemployed

  • Kudlow, speaking to reporters at the White House, defended a reduction in the unemployment supplement to $300 from $600 early in the coronavirus pandemic.
  • I think the economy is on a self-sustaining recovery and it's a V-shaped recovery," he said. ""We're seeing terrific numbers.
Published 20 Aug, 2020 01:22am
As US homebuilder confidence matches record high, mortgage delinquencies rise
World

As US homebuilder confidence matches record high, mortgage delinquencies rise

  • The National Association of Home Builders/Wells Fargo Housing Market Index rose 6 points to 78, matching a series record set in 1998.
  • Housing has clearly been a bright spot during the pandemic and the sharp rebound in builder confidence over the summer has led NAHB to upgrade its forecast for single-family starts.
Published 17 Aug, 2020 10:29pm