Rising Unemployment Rate Raises Economic Concerns
Category: Economy Total Views: 247By : Logan Wright Updated: 07-30-2024
June Sees Modest Drop in U.S. Job Openings
American job openings dropped 46,000 to 8.184 million in June. This meager drop points to a slow down of the labor market over time. This statistics came from the Job Openings and Labor Turnover Survey (JOLTS) published by the Bureau of Labor Statistics. Job openings remain rather high even with the decline. For June, economists had foresaw 8.0 million vacancies. The fall is a consistent one since March 2022. This moderation fits the inte... Read More
Weak Demand and Global Issues Impact China's Industries
Category: Economy Total Views: 219By : Olivia Taylor Updated: 07-27-2024
China's Industrial Profits Accelerate in June
China's industrial gains in June increased more quickly, a reflection of good economic trends despite underlying problems. Official figures revealed a 3.6% year-on-year rise in profits, against a 0.7% increase in May. Strong industry output, according to the National Bureau of Statistics (NBS), helped to explain this increase. Since the second quarter also had a major influence, the easing of factory-gate price declines also re... Read More
Improving Inflation Data Boosts Global Market Sentiment
Category: Economy Total Views: 242By : Ryan Hughes Updated: 07-27-2024
Global Stocks Rebound After Four-Day Decline
Friday's global stocks show a notable comeback, the first increase in four sessions. Following a dramatic selloff, this recovery found equities stable among bettering economic signals. Data showing a small rise in the personal consumption expenditures (PCE) price index were published by the Commerce Department. Last month this index—a Federal Reserve preferred inflation gauge—rose 0.1%. The statistics implied a possible ... Read More
Future Economic Outlook: Potential Downshift Ahead
Category: Economy Total Views: 95By : Riley Hayes Updated: 07-26-2024
U.S. Economy Surpasses Expectations with Strong Q2 Growth
The second quarter's U.S. economy expanded faster than expected. Gains in consumer spending and business investment drove this increase. The GDP showed a 2.8% annualized rise according to the Commerce Department's report. This outpaced economists' 2.0% projection. Growth in the first quarter was just 1.4%. This good performance allayed worries about the sudden stop of the economic growth. Though there was past s... Read More
Private Sector Employment Rises Despite Slower Momentum
Category: Economy Total Views: 158By : Dylan Bailey Updated: 07-24-2024
U.S. Business Activity Hits 27-Month High in July
July's 27-month high in U.S. business activity suggests strong economic momentum. Rising from 54.8 in June to 55.0, the flash U.S. Composite PMI Output Index from S&P Global Since April 2022 this is the highest level. Tracking both manufacturing and services, the index has a reading above 50 suggesting growth. Driven by notable increases in the services sector, this consistent increase points to robust private sector expans... Read More