Fed Chair Jerome H. Powell called for more stimulus support to speed up recovery, according to press release. Economic outlook is highly uncertain, and expansion far from complete-Powell. Households and…
September’s nonfarm payroll employment increased by 661,000 compared, while unemployment rate fell by 0.5% to 7.9%, according to press release. Resumption of economic activity, previously halted by pandemic led to…
U.S. personal incomes declined by 543.5 billion (2.7%) in August, according to press release. Disposable incomes fell by $570.9 billion (3.2%) despite rise in personal expenditures by $141.1 billion. Fall…
Seasonally adjusted unemployment insurance initial claims show 837,000. A 36,000 decline from previous week’s revised level, according to the latest Department of Labour press release. The figure comes up 13,000…
Pelosi expects to secure an aid deal with the White House this week after 50 minutes talk with Treasury Secretary Steve Mnuchin, according to Reuters. Talks expected to continue on…
Factory activity expanded in August, three months in a row, after the spring contraction due to COVID-19 pandemic, according to press release. Key measure of state manufacturing was 13.1, slightly…