Economics News Results

  • Unemployment Rate Fell to 10.2% in July, U.S. Employers Added 1.8 Million Jobs -- 3rd Update

    Hiring increased in July for the third straight month, though overall gains have yet to restore half of the U.S. jobs lost due to the coronavirus pandemic. July's addition of 1.8 million jobs and a lower unemployment rate of 10.2%, after a peak of nearly 15% in April, showed the U.S. economy continued to mend during the summer coronavirus surge. It also reflected how far the economy has to go to overcome the shock from the pandemic and related lockdowns.

  • Consumer Price Index and Retail Sales on Tap -- Data Week Ahead

    The following are forecasts for next week's U.S. data from a survey compiled by The Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Monday 1000 Job Openings Jun N/A 5.4 M& Labor Turnover Tuesday 0600 Small Business Svy Jul 97.3 100.6 0830 Producer Price Index Jul +0.3% -0.2%-- ex food& energy Jul +0.1% -0.3%-- ex food, energy, trade Jul +0.2% +0.3% Wednesday 0830 Consumer Price Index M/M Jul +0.3% +0.6%-- ex food& energy M/M Jul +0.2% +0.2% 0830 Consumer Price Index Y/Y Jul...

  • Covid-19 Pandemic Triggers Wave of Long-Term Unemployment

    An increasing number of workers were unemployed for more than three months in July, a signal that the coronavirus pandemic is likely to have a lasting economic impact on many people. The number who were unemployed between 15 and 26 weeks rose by a seasonally adjusted 4.6 million to 6.5 million people last month, according to the Labor Department. The July reading is the highest on record for the category in data going back to 1948, and it is nearly double the prior peak, set in 2009 at...

  • Mexico inflation rises to highest in 5 months, rate cut still seen

    Mexico's annual inflation in July rose to its highest level in five months, but seemingly keeping forecasts for the central bank to cut the key interest rate next week unchanged as the rise in consumer prices was in line with expectations. Consumer prices rose 3.62% in the year through July, the highest since a reading of 3.7% in February, the national statistics agency said on Friday.

  • Unemployment Rate Fell to 10.2% in July, U.S. Employers Added 1.8 Million Jobs -- 2nd Update

    Employers added 1.8 million jobs in July, indicating the U.S. economic recovery continued but lost some momentum during the summer coronavirus surge. July's job gain was slower than the previous two months, when payrolls grew a combined 7.5 million as many states lifted lockdown restrictions on businesses. There are now about 13 million fewer jobs than in February, the month before the coronavirus hit the U.S. economy.

  • U.S. Black-white unemployment rate gap widens again in July

    The gap in the U.S. jobless rate between whites and Blacks widened for a third straight month in July, making the gulf between the races the widest in more than five years, Labor Department data released on Friday showed.

  • Canada's Ivey PMI rises to 2-year high as purchasing activity accelerates

    Canadian purchasing activity expanded at its strongest pace in more than two years in July, Ivey Purchasing Managers Index data showed on Friday, providing additional evidence that Canada's economy is recovering from the coronavirus crisis. The seasonally adjusted PMI rose to 68.5 from 58.2 in June.

  • The Conference Board Leading Economic Index® (LEI) for Japan Decreased

    NEW YORK, Aug. 7, 2020 The Conference Board Leading Economic Index® for Japan decreased 0.5 percent in June 2020 to 83.7. The Conference Board Coincident Economic Index® for Japan increased 0.8 percent in June 2020 to 98.2. The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle.

  • Baltic index wraps up best week since late-June

    The Baltic Exchange's main sea freight index wrapped up its best week in more than one month, ending broadly steady on Friday, as a slide in capesizes offset higher panamax and supramax rates. * The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up by a point, at 1,501.

  • Canada's Ivey PMI shows acceleration in July purchasing activity

    Canadian purchasing activity expanded at a stronger-than-expected pace in July, Ivey Purchasing Managers Index data showed on Friday, providing additional evidence that Canada's economy is recovering from the coronavirus crisis.

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