Economics News Results

  • China's Economic Activity in July Continues to Improve From Coronavirus Shocks

    BEIJING--China's economic activity in July continued to improve from the coronavirus shocks, according to latest economic data released Friday, but the growth momentum cooled slightly as Beijing stopped further revving-up measures. Industrial production rose 4.8% in July from a year earlier, on par with the increase in June, the National Bureau of Statistics said. Economists polled by The Wall Street Journal expected a 5.0% growth in July.

  • China Housing Sales Start Recovering as Economy Heals

    BEIJING--Home sales in China grew for the first time this year as the country recovered from the coronavirus's economic blow and cheap credit drew home buyers poured into the market. Home sales by volume in January-July rose 0.4% from a year earlier, reversing from a 2.8% drop in the January-June period, according to data released Friday by the National Bureau of Statistics. Property investment, including in commercial and residential real estate, rose 3.4% in the first seven...

  • China July Average New Home Prices Generally Stable

    BEIJING--Average home prices in China were generally stable in July, according to data released by the National Bureau of Statistics on Friday. The average price of new homes in 70 Chinese cities in July rose 0.47% from the month before, after they rose 0.58% in June. Fifty nine of 70 cities reported home prices rose from a month earlier, compared with an increase in 61 cities in June.

  • New Zealand House Prices, Sales Volumes Surged in July

    WELLINGTON, New Zealand--New Zealand residential property prices and sales volumes jumped in July, likely boosted by record-low lending rates, according to market figures released Friday. The Real Estate Institute of New Zealand said the surge in activity may not be sustained, particularly because the country's largest city, Auckland, has entered a new lockdown after local transmission of the coronavirus was detected. The institute's house price index rose 9.4% from a year...

  • Amplification to Coronavirus-Hit on State Budgets Article on Aug. 12

    Moody's Analytics estimates Louisiana could see a 46% decline in revenues in a severe economic downturn. "Coronavirus-Hit State Budgets Create a Drag on U.S. Recovery "at 05:30 ET on Aug. 12, omitted the severity of the downturn underlying the estimate.

  • White House Says Most Coronavirus Job Losses Likely to Be Temporary -- 2nd Update

    WASHINGTON-- Robust federal spending significantly lessened the economic pain caused by the coronavirus pandemic, White House economists said Thursday, adding that more relief efforts would further aid the recovery. A report Thursday by the White House Council of Economic Advisers concurred with other assessments that the wide- ranging federal response to the pandemic has been largely successful. Some 82% of the layoffs since February were likely to be temporary, a feared...

  • White House Says Most Coronavirus Job Losses Likely to Be Temporary -- Update

    WASHINGTON-- Robust federal spending significantly lessened the economic pain caused by the coronavirus pandemic, White House economists said Thursday, adding that more relief efforts would further aid the recovery. A report Thursday by the White House Council of Economic Advisers concurred with other assessments that the wide- ranging federal response to the pandemic has been largely successful. Some 82% of the layoffs since February were likely to be temporary, a feared...

  • Two Cheers for Lower Jobless Claims -- Heard on the Street

    Are fewer people filing for unemployment because the job market is getting better? Or is it because filing isn't as worthwhile as before? The Labor Department on Thursday reported that the number of people filing new unemployment-insurance claims in the week ended Saturday fell to a seasonally adjusted 963,000, dropping below the one million mark for the first time in months.

  • White House Says Most Coronavirus Job Losses Likely to Be Temporary

    WASHINGTON-- Four-fifths of the increase in unemployment between February and May was likely temporary, the Trump administration estimated Thursday in a report that said relief spending significantly reduced the economic pain caused by the coronavirus pandemic. The number of unemployed Americans rose from 5.8 million in February to more than 23 million in April, as large swaths of the economy were shut down to slow the novel coronavirus' spread. The jobless rate was 10.2% in...

  • U.S. Jobless Claims Fall to Less Than 1 Million in Aug. 8 Week -- 2nd Update

    U.S. unemployment claims fell to less than one million last week for the first time since the coronavirus pandemic hit the U.S. in March, a sign the labor-market recovery is regaining steam. New applications for unemployment benefits dropped to seasonally adjusted 963,000 in the week ended Aug. 8, the Labor Department said Thursday. Claims are down significantly from a peak of near seven million in March, but remain at historically high levels and higher than the pre-pandemic...

Search News

Filter Results

Publication Date
Topic
Provider

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.