US Added 943,000 Jobs in July
WASHINGTON — Hiring surged in July as American employers added 943,000 jobs. The unemployment rate dropped to 5.4% as the U.S. economy continues to bounce back from last year’s coronavirus shutdown.
Jobless Claims Down 14,000 to 385,000 as Economy Rebounds
WASHINGTON — The number of Americans applying for unemployment benefits fell last week by 14,000 to 385,000, more evidence that the economy and the job market are rebounding briskly from the coronavirus recession.
Factory Output Dips 0.1% in June on Auto Chip Shortage
WASHINGTON — U.S. factory output slid last month as a shortage of computer chips disrupted auto production.
US Durable Goods Orders Rise 2.3% in May
Orders to U.S. factories for big-ticket manufactured goods rose for the 12th time in the last 13 months in May, pulled up by surging demand for civilian aircraft.
Job Openings Surge to Record 9.3 Million in April
WASHINGTON — U.S. employers posted a record 9.3 million job openings in April with the U.S. economy reopening at breakneck speed.
Jobless Claims Fall to 712,000 as Pace of Layoffs Eases
WASHINGTON — The number of Americans seeking unemployment benefits fell last week to 712,000, the lowest total since early November, evidence that fewer employers are cutting jobs amid a decline in confirmed coronavirus cases and signs of an improving economy.
US Jobless Claims Tick Up to 745,000 as Layoffs Remain High
The number of Americans applying for unemployment benefits edged higher last week to 745,000, a sign that many employers continue to cut jobs despite a drop in confirmed viral infections and evidence that the overall economy is improving.
Orders for US Durable Goods Climb 3.4% in January
Orders to U.S. factories for big-ticket goods shot up 3.4% in January, pulled up by surge in orders for civilian aircraft. A category that tracks business investment posted a more modest gain, the Commerce Department reported Feb. 25.
Industrial Production Climbs 0.9% in January
WASHINGTON — American industry expanded for the fourth consecutive month in January, but it has yet to return to the level of activity that preceded the pandemic.
Trade Deficit Rises to $679 Billion, the Highest Since 2008
WASHINGTON — The U.S. trade deficit rose 17.7% last year to $679 billion, highest since 2008, as the coronavirus disrupted global commerce and confounded President Donald Trump’s attempts to rebalance America’s trade with the rest of the world.