US ECONOMY ADDED 850,000 NEW JOBS IN JUNE

Highlights

• This addition happens to above the average of the last three months.

• The Thursday’s Labor Department report stated that unemployment claims went down by 51,000 to 364,000

Bright signs of the American economy are clearly as the employers...

US UNEMPLOYMENT CLAIMS SLUMP TO 364,000

Highlights

• According to a report by the US Labor Department released on Thursday, jobless claims fell by 51,000 to 364,000

• The United States stands only next to India in terms of administering doses of COVID-19 vaccine

Showing that the US economy is imp...

US TREASURY SECRETARY JANET YELLEN SPEAKS ON DIGITAL TAXES IMPOSED BY OTHER NATIONS

Highlights

• Yellen said she was engaged in very constructive bilateral conversations with the Irish finance minister on the issue

• According to Yellen, she hopes for progress on the tax issue, which is being negotiated under the leadership of the Organization for C...

US ECONOMY CONTINUES TO IMPROVE, UNEMPLOYMENT CLAIMS SLUMP TO 376,000

Highlights

• The worst affected economy in the globe courtesy of the COVID-19 saw jobless claims going down to 376,000 which is 9,000 lesser than last week’s 385,000

• A Labor Department report released on Tuesday said the job openings had hit a record 9.3 mill...

US ECONOMY ADDED 559,000 JOBS IN THE MONTH OF MAY

Highlights

• As the rise is number of jobs added is almost double, the unemployment rate went down from 6.1 percent to 5.8%.

• the Thursday's Labor Department report said that number of people filing for unemployment claims went down to 385,000

Accordin...

US UNEMPLOYMENT CLAIMS FALL BY 20,000 TO 385,000

Highlights

• According to the Labor Department, the number of jobless claims went to 385,000, falling by 20,000 as compared to the week before

• Nearly 1.8 million jobs were added by the employers in the US this year, which is an average of over 450,000 a month

US SENATE LEADER CHUCK SCHUMER PROPOSES $52 BN FOR PRODUCTION & R&D OF CHIP IN US

Highlights

• Unveiling the proposal, Schumer said “American manufacturing has suffered rather dramatically from a chip shortage.”

• Along with boosting chip production, this proposal also includes $49.5 billion in emergency supplemental appropriations to ...

FED RESERVE PRESIDENT KAPLAN RAISES PROSPECT OF WORRISOME RISE IN US INFLATION EXPECTATIONS

Highlights

• Dallas Federal Reserve President Robert Kaplan has raised the prospect of a worrisome rise in US inflation expectations

• It is being said that the boost in spending that is helping fuel price hikes will subside once extra savings are gone and government...

US ECONOMY ADDED NEARLY ONE MILLION JOBS IN APRIL

Highlights

• This addition of jobs was done to meet the increased demand, caused by the reopening of businesses thanks to improving public health and financial boost from the federal government

• As per the survey conducted by Reuters economists, nonfarm payrolls lik...

US ECONOMY GREW AT ANNUAL RATE OF 6.4 PERCENT IN LAST QUARTER

Highlights

• This growth in the economy showcases impetus provided by government aid and the number of COVID-19 cases going downwards

• As per the economists, the growth in the present quarter is likely to be faster and reach annual pace of 10 percent

&bull...

APPLE PLANNING INVESTMENTS WORTH $430 BILLION IN THE US OVER FIVE YEARS

Highlights

• Apple Inc. is planning to invest more than $430 billion in the US along with generating 20,000 jobs across the country over the period of next five years

• Apple had previously announced five-year goal of $350 billion in the year 2018

Tech gian...

FEWER THAN 2 LAKH BUSINESSES FAILED DURING FIRST YEAR OF COVID-19: FED RESEARCH

Highlights

• The authors wrote in the study, unlike what was predicted, our results may represent an optimistic update to views about pandemic-related business failure

• The chair of Federal Reserve Jerome Powell has said that the US economy is all set to witness a b...

AFTER A DISMAL FEBRUARY, U.S. FACTORY OUTPUT JUMPS IN MARCH

Highlights
1. According to Federal Reserve data released on Thursday, the jump of 2.7 percent in output comes after a downwardly revised 3.7% decline in February

2. The numbers for March was lower than forecast courtesy of automakers as they continued to deal with the shortages o...

US ECONOMY POISED FOR STRONG GROWTH SAYS FEDERAL RESERVE CHAIR JEROME POWELL

Highlights

• Speaking to CBS' 60 Minutes, chair Jerome Powell said that he is not expecting to raise the Fed’s benchmark interest rate, which at present is pegged at around zero

• The Fed is keenly studying the development of a digital dollar, but has not y...

FED CHAIR JEROME POWELL PLEDGES TO GET U.S. BACK TO A GREAT ECONOMY

Highlights

• Powell told a virtual panel that his commute home takes him past substantial tent city, and thinks that there millions of Americans who are still trying to get back to work

• The impact of Powell’s speech was clearly visible on the stock market as ...

BIDEN ADMINISTRATION COMING UP WITH NEW PROPOSALS ON TAXING MULTINATIONAL COMPANIES

Highlights

• The President Joe Biden administration is coming up with new proposals on taxing multinational companies

• The newly-elected administration is looking to restrict the companies falling under an agreement that would deal with the challenge of taxing incom...

NOT U.S., BUT CHINA WILL BE THE BIGGEST ECONOMY IN THE WORLD BY 2030 SAYS A TECH GROUP

Highlights

• The report drafted by FWD.us, in association with George Mason University, projects that the US economy will be three-quarters the size of China’s by 2050 under current US population trends and immigration levels

According to a study released on Wednesd...

US TRADE DEFICIT WIDENS TO RECORD $71.1 BN IN FEBRUARY

Highlights

• According to the Commerce Department data released on Wednesday, the gap in trade of both goods and services went up to a sum of $71.1 billion in February from a revised $67.8 billion a month prior

• On the other hand, total imports went down by 0.7% to ...

THE INFRASTRUCTURE PLAN WILL CREATE 19 MILLION JOBS SAYS US PRESIDENT JOE BIDEN

Highlights

• The President of the United States, Joe Biden, said that the new infrastructure proposal worth $2 trillion would result in creation of 19 million jobs over the period of next 10 years

• The Biden administration officials have also said that the President...

916,000 JOBS WERE ADDED IN U.S. IN MARCH, UNEMPLOYMENT RATE PLUNGES BY 6%

Highlights

• This surge in jobs is a result of increased vaccinations and lesser curbs on businesses

• The Labor Department report said nonfarm payrolls went up by 916,000 in March and February unemployment was revised up to a 468,000 gain

• As per the...