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First-time claims for U.S. unemployment benefits declined by more than anticipated in the week ended July 4th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims tumbled to 1.314 million, a decrease of 99,000 from the previous week’s revised level of 1.413 million. [Read more…][2]
The Bank of Japan downgraded economic assessment of all nine regions for the second straight time, citing the impact of the novel coronavirus, or Covid-19. According to the latest quarterly Regional Economic Report, released on Thursday, all nine regions reported that the economic situation is worsening. Nine… [Read more…][3]
The UK housing market showed signs of a recovery as buyer demand, sales and fresh listing improved noticeably following the lockdown related falls, according to the residential market survey results published by the Royal Institution of Chartered Surveyors. A net balance of 61 percent of survey respondents… [Read more…][4]
After reporting a sharp drop in U.S. consumer credit in the previous month, the Federal Reserve released a report on Wednesday showing consumer credit continued to decline in the month of May. [Read more…][5]
US economic recovery may be “leveling off” as activity could be dampened amid a recent surge in coronavirus infections, Raphael Bostic, president of the Federal Reserve Bank of Atlanta, said in an interview to the Financial Times. Bostic cited high-frequency data that signaled that the economic activity… [Read more…][6]
Analysts at Goldman Sachs on Monday cut the US economic growth forecast for this year to a contraction of 4.6 percent versus a 4.2 percent shrinkage predicted earlier. “The healthy rebound in consumer services spending seen since mid-April now appears likely to stall in July and August as authorities… [Read more…][7]
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- www.rttnews.com/3109906/u-s-weekly-jobless-claims-drop-more-than-expected.aspx?type=alleco
- www.rttnews.com/3109853/bank-of-japan-downgrades-economic-assessment-of-all-9-regions.aspx?type=alleco
- www.rttnews.com/3109700/uk-housing-market-recovery-underway-rics.aspx?type=alleco
- www.rttnews.com/3109582/u-s-consumer-credit-slumps-more-than-expected-in-may.aspx?type=useco
- www.rttnews.com/3108935/fed-s-bostic-warns-us-recovery-may-be-stalling-ft.aspx?type=useco
- www.rttnews.com/3108843/goldman-sachs-predicts-us-economy-to-contract-more-than-expected.aspx?type=useco
- www.rttnews.com/list/us-economic-news.aspx