The U.S. House and Senate will vote on Monday on a $900 billion pandemic relief package alongside a $1.4 trillion measure for government funding, reports Bloomberg. The relief and funding end days of intense negotiations amidst possible rifts with the Fed. On Sunday, the House and Senate passed a one-day continuing resolution to keep the government open through Monday at … [Read more...] about U.S. Congress Set to Vote on $900 Billion Relief Package, but Fights Linger
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More Americans Unable to Work Due to Surge in Coronavirus Cases
The number of employed Americans shrank by 4.3 million in the two weeks ended December 7, according to the Census Bureau press release. The fall comes even as the number of employed Americans rose by 2.4 million in the previous tally. Almost 5 million Americans now say they can’t work because they are sick of coronavirus. Another 5.2 million can’t work because they fear … [Read more...] about More Americans Unable to Work Due to Surge in Coronavirus Cases
PMI: U.S. Private Sector Recovery Loses Momentum, Hits a 3-Month Low
Flash U.S Composite Output Index for December was 55.7, a 3-month low, down from 58.6 in November, according to IHS Markit press release. The loss of private sector momentum was caused by COVID-19 related restrictions and input prices, which rose at the sharpest rate since April 2018. Flash U.S. Services Business Activity Index recorded a 3-month low of 55.3, down from … [Read more...] about PMI: U.S. Private Sector Recovery Loses Momentum, Hits a 3-Month Low
U.S. Job Openings Remained Little Changed in October
U.S. number and rate of job openings remained a little unchanged at 6.7 million and 4.5% respectively on the last business day of October, according to the Bureau of Labor Statistics press release. Most job openings were in health care and social assistance at 122,000 and state and local government education, which recorded 23,000 gains. Job OpeningsIn October, the number of … [Read more...] about U.S. Job Openings Remained Little Changed in October
U.S. Nonfarm Productivity Rises by 4.6% in Third Quarter but Remains below Expectations
U.S. nonfarm business sector labor productivity rose by 4.6% in the third quarter of 2020 to remain below the second quarter's 10.6% and forecasted 4.9%, according to the Bureau of Labor Statistics press release. The increase in productivity in Q3 resulted from the largest gains in both the output (43.4%) and the hours worked (37.1%). Over the last four quarters, … [Read more...] about U.S. Nonfarm Productivity Rises by 4.6% in Third Quarter but Remains below Expectations
