Economics News Results

  • 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...

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

    Employers added 1.8 million jobs in July, and the unemployment rate fell to 10.2%, so far recovering less than half of the jobs lost due to the coronavirus pandemic. July's job growth followed May and June's combined payroll gain of 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. Unemployment Rate Falls in July to 10.2% as U.S. Adds 1.8 Million Jobs

    Employers added 1.8 million jobs in July and the unemployment rate fell to 10.2%, so far recovering less than half of the jobs lost due to the pandemic.

  • Brazil Consumer Prices Rose More Quickly in July on Fuel, Electricity

    SÃO PAULO--Brazil's inflation accelerated in July from the previous month as fuel and electricity prices increased. Consumer prices increased 0.36% from June, the Brazilian Institute of Geography and Statistics, or IBGE, said Friday. Prices rose 2.31% from a year earlier.

  • Mexican Inflation Picked Up in July, Led by Energy Prices

    MEXICO CITY-- Mexico's inflation rate picked up pace for a third straight month in July, moving further from the central bank's 3% target largely as a result of higher energy costs. The consumer-price index rose 0.66% from the previous month and was up 3.62% from a year earlier, compared with a 3.33% annual rate in June, the National Statistics Institute said Friday. Higher energy costs, particularly gasoline, contributed the most to inflation last month, while lower fresh fruit and...

  • China Trade Rides a Wave in July After Coronavirus Restrictions Ease

    China's exports picked up momentum in July for the second straight month, as global demand recovered with the easing of coronavirus-related restrictions. Underpinned by strong shipments of protective gear for the pandemic and electronic products to fulfill work-from- home demand, July's 7.2% increase from a year earlier was the fastest so far in 2020, according to data released by the General Administration of Customs on Friday. It beat June's 0.5% growth, in addition to a...

  • China's Forex Reserves Rose $42.06 Billion in July

    BEIJING--China's foreign-exchange reserves rose in July for a fourth straight month amid a weakening dollar and the country's recovering export sector, official data showed Friday. The country's hoard of foreign exchange increased by $42.06 billion to $3.154 trillion at the end of July, according to data released by the People's Bank of China. Economists polled by The Wall Street Journal had expected a $30 billion rise in reserves in July.

  • French Industrial Production Rose in June, Beating Forecasts

    French industrial production increased sharply on month in June, beating analysts' forecasts, data from France's statistics agency Insee showed Friday. Total industrial output--comprising output in manufacturing, energy and construction--rose 12.7% in June from May in calendar-adjusted terms. Economists had forecast a 7.9% increase in June, according to a poll by The Wall Street Journal.

  • German Industrial Production Surged in June -- Update

    --German industrial output rose 8.9% in June from May in calendar-adjusted terms. --Destatis revised industrial production figures for May to an increase of 7.4% from April. --Production in the automotive industry rose 54.7% in June on month.

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