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The US private sector continued to increase the number of jobs at a high rate in October. According to the ADP Research Institute, last month the figure rose by 227 thousand, significantly exceeding the increase expected by experts in the amount of 189 thousand. Construction companies hired 17,000 workers in October. The staff of companies in the manufacturing sector also increased by 17 thousand. In the services sector, 189 thousand jobs were created. In the mining industry, 4,000 jobs were created. The number of employees of large companies increased by 102 thousand. The average business has expanded its staff to 95 thousand. Small companies hired 29 thousand new employees.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
On Thursday, the international market had seen a plummet in the value of Asian shares and U.S. stock futures. It is seen to be caused by worries of a falling-out between the United States and China as well as the hit that global economies ...
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