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The number of jobs in the US in August increased by 201 thousand people, and unemployment remained at the July level of 3.9%, the Ministry of Labor said. According to analysts' forecasts, the number of jobs was expected to increase by 190 thousand and the reduction of unemployment level - to 3.8%. The average hourly wage in August rose by 0.4% compared to July and by 2.9% compared to the same month last year. The monthly indicator grew at a maximum rate since December, annual - since June 2009. The number of jobs in the US manufacturing sector in August fell by 3 thousand, in the retail trade - by 6 thousand. At the same time, the construction sector saw employment growth of 23 thousand, in business services - 53 thousand, in education and healthcare - 33 thousand, in the financial services - 11 thousand.
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 ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
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 ...
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