United Kingdom

Lucia Mutikani

Slowing U.S. job growth, rising COVID-19 raise doubts on the recovery's strength

07 Aug 2020

WASHINGTON U.S. employment growth slowed considerably in July, underscoring an urgent need for additional government aid as a resurgence of COVID-19 infections threatens to snuff out the nascent economic recovery. | Video

U.S. job growth forecast to slow sharply in July as COVID-19 cases soar

07 Aug 2020

WASHINGTON U.S. employment growth likely slowed significantly in July amid a resurgence in new COVID-19 infections, which would provide the clearest evidence yet that the economy's recovery from the recession caused by the pandemic was faltering.

U.S. weekly jobless claims fall, labour market struggling as COVID-19 epidemic spreads

06 Aug 2020

WASHINGTON The number of Americans seeking jobless benefits fell last week, but a staggering 31.3 million people were receiving unemployment checks in mid-July, suggesting the labour market was stalling as the country battles a resurgence in new COVID-19 cases that is threatening a budding economic recovery. | Video

U.S. job market recovery appears to be slowing, services sector powering ahead

05 Aug 2020

WASHINGTON U.S. private employers hired far fewer workers than expected in July as companies exhausted loans to help with wages and new COVID-19 infections flared up across the country, supporting the view that the nascent economic recovery was faltering.

Motor vehicles power U.S. factory orders in June

04 Aug 2020

WASHINGTON New orders for U.S.-made goods increased more than expected in June, suggesting the manufacturing sector was regaining its footing, though rising COVID-19 cases threaten the tentative recovery.

U.S. manufacturing activity near 1-1/2-year high, factory job losses persist

03 Aug 2020

WASHINGTON U.S. manufacturing activity accelerated to its highest level in nearly 1-1/2 years in July as orders increased despite a resurgence in new COVID-19 infections, which is raising fears about the sustainability of a budding economic recovery.

U.S. consumer spending presses ahead; declining income poses challenge

31 Jul 2020

WASHINGTON U.S. consumer spending increased for a second straight month in June, setting up consumption for a rebound in the third quarter, though the recovery could be limited by a resurgence in COVID-19 cases and the end of expanded unemployment benefits. | Video

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