Monthly archive August, 2020

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits declined by much more than anticipated in the week ended August 8th. The Labor Department said initial jobless claims tumbled to 963,000, a decrease Read More →

Import and export prices in the U.S. both increased by more than expected in the month of July, according to a report released by the Labor Department on Thursday. The report said import prices climbed by 0.7 percent in July Read More →

With a stalemate in Washington overshadowing upbeat jobless claims data, the U.S. dollar has moved modestly lower on Thursday. The U.S. dollar index has edged down by 0.2 percent.Original Article Read More →

A California court ruled that Uber and Lyft must classify their drivers as employees in a preliminary injunction issued on Monday. However, the court has stayed the injunction for 10 days to allow the ride-hailing service providers to appeal the Read More →

UK employment declined the most since the global financial crisis of 2009 as the coronavirus pandemic took its toll on the labor market, data from the Office for National Statistics showed Tuesday. As the lockdown and social distancing to curb Read More →

Germany's economic confidence improved unexpectedly in August on hopes of a speedy recovery from the coronavirus pandemic driven downturn, survey data from the ZEW - Leibniz Centre for European Economic Research showed Tuesday. The ZEW Indicator of Economic Sentiment increased Read More →