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May Sees Biggest Jobs Increase Ever Of 2.5 Million As Economy Starts To Recover From Coronavirus

AMERICA - Published date: .

Nonfarm payrolls in May were expected to decrease by 8.333 million while the unemployment rate was seen rising to 19.5%,... Read more

May's Record Jobs Comeback: Here's Where The Jobs Are In One Chart

AMERICA - Published date: .

CNBC studied the net change in employment by industry for May based on data from the Labor Department. Read more

Unlike During Past Economic Downturns, Americans Have Money In Their Pockets This Time

AMERICA - Published date: .

Personal income increased 10.5% in April, the Bureau of Economic Analysis said last week. Read more

The May Unemployment Rate Is Expected To Be Near 20% As Millions More Lost Jobs

AMERICA - Published date: .

About 8 million Americans lost their jobs in May, on top of the 20.5 million in April, and economists see unemployment p... Read more

U.S. Productivity Falls At 0.9% Rate In First Quarter

AMERICA - Published date: .

U.S. productivity fell at a 0.9% rate in the first three months of this year, a smaller decline than first estimated, wh... Read more

Jobless Claims, Total Unemployment Level Worse Than Expected

AMERICA - Published date: .

First-time claims for unemployment insurance were expected to total 1.775 million last week, according to economists sur... Read more

'The Covid-19 Recession Is Over,' Says Economist Zandi As May Job Losses Not As Bad As Feared

AMERICA - Published date: .

Finding good news in the loss of another 3 million jobs isn't easy, but the steep drop in private payrolls for May could... Read more

Private Payrolls Decline By 2.76 Million In May, ADP Says, A Much Smaller Drop Than Feared

AMERICA - Published date: .

The reported total was well below the 8.75 million estimate from economists surveyed by Dow Jones. The reason for the wi... Read more

GDP Is Now Projected To Fall Nearly 53% In The Second Quarter, According To A Fed Gauge

AMERICA - Published date: .

The GDPNow outlook is now showing a 52.8% tumble, following data that manufacturing remains firmly in decline and will w... Read more

Visa Sees A Pickup In Consumer Spending In May

AMERICA - Published date: .

Visa's total U.S. payments volume fell at a much slower pace in May from the previous month, indicating that consumer sp... Read more

U.S. Manufacturing Activity Pulls Off 11-year Low

AMERICA - Published date: .

U.S. manufacturing activity eased off an 11-year low in May, though the recovery from the Covid-19 crisis could take yea... Read more

NBA Star Giannis Antetokounmpo Invests In Sports Drink Start-up Ready Nutrition

AMERICA - Published date: .

As part of the deal, the Bucks Forward bought 34,000 bottles of Ready Nutrition's water product and protein bars. Read more

Renault To Cut 15,000 Jobs In 'vital' Cost-cutting Plan

AMERICA - Published date: .

The cost-cutting plan, which was unveiled to labour representatives Thursday, aims to reduce overheads by two billion eu... Read more

EasyJet Axes Almost A Third Of Staff On Virus Fallout

AMERICA - Published date: .

EasyJet had grounded its entire fleet at the end of March. Read more

Mortgage Demand From Homebuyers Shows Unexpectedly Strong And Quick Recovery, As Applications Spike 9% From A Year Ago

AMERICA - Published date: .

It's not as if the coronavirus pandemic has gone away, but after a sharp pullback, homebuyers are now piling back into t... Read more