Economics

Jobs/unemployment numbers better than projected

Jobs unemployment numbers better than projected

Jobs/unemployment numbers better than projected. New jobless claims fall to lowest level since mid-March.

The number of new applications for unemployment benefits dipped to 881,000 last week, the Labor Department reported Thursday in an encouraging sign for the economy.

Forecasters had projected 950,000 new jobless claims.

Instead, claims fell to the lowest level since mid-March, before the pandemic induced mass layoffs.

Read more: Jobs/unemployment numbers better than projected

Demand for US goods soar despite pandemic

Demand for US goods soar despite pandemic

Demand for US goods soar despite pandemic. Factory Orders Jump 6.4% in July, Durable Goods Soar 11.4%

The resurgence of American manufacturing from the depths of the pandemic continued in July.

U.S. factory orders rose 6.4 percent last month, the third consecutive increase, the Census Bureau reported Wednesday. Orders were up 6.4 percent in June. Economists had forecast a 6.0 percent gain, a slowdown from the month before.

Orders for durable goods, those expected to last three years or longer, rose 11.4 percent. That’s an increase from the 11.2 percent rise initially reported and brings manufacturing in-line with its pre-pandemic level of activity.

Read more: Demand for US goods soar despite pandemic

US Firms Move Supply Chains Out of China, Explore Options Closer to Home

US firms moving out of China

US firms moving out of China. US Firms Move Supply Chains Out of China, Explore Options Closer to Home, with Latin and South America gaining significant traction in recent months, according to a survey by Qima.

WASHINGTON—The U.S.–China trade war and the COVID-19 pandemic have forced companies to reduce their excessive dependence on China as a single supplier.

U.S. brands have started to explore sourcing options closer to home, with Latin and South America gaining significant traction in recent months, according to a survey by Qima, a Hong Kong-based supply chain inspection company.

Read more: US Firms Move Supply Chains Out of China, Explore Options Closer to Home

S&P 500 recovers all Covid-19 losses

 S & P 500 recovers all Covid 19 losses

S&P 500 recovers all Covid-19 losses. S&P 500 Surges to New Record High, Wiping Out All CCP Virus Losses. The benchmark S&P 500 stock index, widely viewed as a proxy for the overall U.S. equities market, surged to close at 3,389.78 points on Tuesday, setting a new all-time high record and wiping out all its COVID-19-driven losses.

After plunging dramatically in late February into a bear market that hit bottom on March 23, the S&P 500 has now completed a full V-shaped recovery, rebounding some 55 percent off the pandemic lows and solidifying its new bull market run.

Read more: S&P 500 recovers all Covid-19 losses

Cultural Marxism

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