Millions of people from New York to San Francisco lost their jobs in 2020. So, it is not surprising that analysts, investors and government officials are concerned about the state of the country’s economy. Hopefully, the world’s largest economy continues to recover from the Covid-19 pandemic. The unemployment rate in Nebraska dropped below 2%. Importantly, …
The labor market in the world’s largest economy was thriving before the Covid-pandemic. However, the pandemic had a huge impact on the country’s labor market. Analysts are monitoring the data published by the Labor Department to learn more about the situation. First-time jobless claims were little changed over the previous week according to the Labor …
First-Time Jobless Claims Fell to the Lowest Level Read More »
In September, 4.4 million people left their jobs, and companies are struggling to fill open positions. Since April, more than 24 million people have decided to quit their jobs. The Labor Department reported more than 10 million, more precisely 10.4 million job openings in September. Moreover, there are 5 million fewer people in the labor …
This week, President Joe Biden signed the bipartisan infrastructure bill into law. The bill signed by Joe Biden contains many interesting details. The package will put hundreds of billions of dollars, more precisely $550 billion of new funds into transportation, broadband as well as utilities. Interestingly, Joe Biden’s signature follows years of failed efforts in …
The government of China is not a big fan of western democracy. A top official from the world’s second-largest democracy used a widely-watched meeting to criticize the U.S. and Western democracy. Jiang Jinqua serves as the director of the policy research office of the party’s central committee. He criticized the U.S. as well as Western …
The Covid-19 pandemic created numerous issues in less than two years. Britain has the fifth-largest economy in the world but even for Britain, it was not easy to solve issues. Its economy continues to recover from the Covid-19 pandemic, based on data provided by the Office for National Statistics (ONS). In September, Britain’s economy grew …
Britain’s Economy Continues to Recover from the Covid-19 Read More »
Inflation jumped to the highest level in several decades. The consumer price index (CPI) jumped 6.2% from a year ago, the most since 1990. The CPI is a basket of products ranging from gasoline to rents and groceries. In October, inflation across a large swath of products that people have to buy on a daily …
Debt is an inseparable part of the modern world. Millions of people around the U.S. borrowed a lot of money. The situation regarding household debt is quite complicated. In the third quarter of the year, household debt exceeded $15 trillion for the first time, as rising prices pushed up balances for homes and autos, the …
Household Debt Surpassed $15 Trillion for the First Time Read More »
China Evergrande Group and other real estate developers from China are struggling to deal with high debt levels. The state of the country’s property market is far from being ideal. Investors are monitoring China Evergrande Group’s problems. The country’s one of the major real estate developers is trying to avoid the worst-case scenario. China Evergrande …
What the Future Holds for China’s Property Market Read More »
Real estate developers in China are struggling to cope with their problems. Shares of Kaisa Group Holdings listed in Hong Kong were halted on Friday due to one very serious issue. Earlier this week, a real estate developer from Hong Kong missed a payment on a wealth management product. Even before Kaisa Group Holdings missed …
Is Kaisa Group Holdings Next in Line to Go Bankrupt? Read More »
Millions of people across the U.S. lost their jobs due to the coronavirus pandemic in 2020. Hopefully, the country’s economy started to recover, but it won’t be easy to solve all issues in a short period of time. Last week, the U.S. unemployment picture improved once again, with initial filings for unemployment insurance falling to …
U.S.Weekly Jobless Claims Report and its Importance Read More »
The world’s largest trade deal will come into force in January of 2022. It comes as Australia, as well as New Zealand, ratified the agreement. On Tuesday, Australia released a statement regarding the trade deal. It said that its ratification together with New Zealand’s paved the way for the trade deal to enter into force …
How the Largest Trade Deal Will Transform the World Read More »
The government of the world’s second-largest economy told families to keep daily necessities in stock in case of emergencies. COVID-19 outbreaks and heavy rains triggered a surge in vegetable prices and raised concerns about supply shortages. China is not willing to abandon its zero-tolerance approach to COVID-19. The commerce ministry’s directive caused some concern on …
The coronavirus emerged from the Chinese city of Wuhan, nonetheless, the world’s second-largest economy was able to deal with challenges. Its factory activity expanded at its fastest pace in four months in October thanks to strong demand. Nevertheless, power shortages and rising costs affected production according to a business survey. The Caixin/Markit Manufacturing Purchasing Managers’ …
The U.S. economy increased at an annual rate of 2 per cent in Q3, in the latest sign of how the recent delta variant of the COVID-19 held back the economic recovery. According to the Bureau of Economic Analysis, the gross domestic product figures (GDP) for the year’s third quarter came in far lower than the …
U.S. Economy Surged at An Annual Rate of 2% in Q3 Read More »
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