Search result for US Economy
![](https://www.industryglobalnews24.com/images/us-economy-added-850000-new-jobs-in-june.jpeg)
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...
![](https://www.industryglobalnews24.com/images/us-unemployment-claims-slump-to-364000.jpeg)
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...
![](https://www.industryglobalnews24.com/images/us-treasury-secretary-janet-yellen-speaks-on-digital-taxes-imposed-by-other-nations.jpeg)
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...
![](https://www.industryglobalnews24.com/images/us-economy-continues-to-improve-unemployment-claims-slump-to-376000.jpeg)
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...
![](https://www.industryglobalnews24.com/images/us-economy-added-559000-jobs-in-the-month-of-may.jpeg)
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...
![](https://www.industryglobalnews24.com/images/us-unemployment-claims-fall-by-20000-to-385000.jpeg)
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
...![](https://www.industryglobalnews24.com/images/us-senate-leader-chuck-schumer-proposes-52-bn-for-productionrd-of-chip-in-us.jpeg)
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 ...
![](https://www.industryglobalnews24.com/images/fed-reserve-president-kaplan-raises-prospect-of-worrisome-rise-in-us-inflation-expectations.jpeg)
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...
![](https://www.industryglobalnews24.com/images/us-economy-added-nearly-one-million-jobs-in-april.jpeg)
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...
![](https://www.industryglobalnews24.com/images/us-economy-grew-at-annual-rate-of-64-percent-in-last-quarter.jpeg)
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...
![](https://www.industryglobalnews24.com/images/apple-planning-investments-worth-430-billion-in-the-us-over-five-years.jpeg)
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...
![](https://www.industryglobalnews24.com/images/fewer-than-2-lakh-businesses-failed-during-first-year-of-covid19-fed-research.jpeg)
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...
![](https://www.industryglobalnews24.com/images/after-a-dismal-february-us-factory-output-jumps-in-march.jpeg)
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...
![](https://www.industryglobalnews24.com/images/us-economy-poised-for-strong-growth-says-federal-reserve-chair-jerome-powell.jpeg)
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...
![](https://www.industryglobalnews24.com/images/fed-chair-jerome-powell-pledges-to-get-us-back-to-a-great-economy.jpeg)
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 ...
![](https://www.industryglobalnews24.com/images/biden-administration-coming-up-with-new-proposals-on-taxing-multinational-companies.jpeg)
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...
![](https://www.industryglobalnews24.com/images/not-us-but-china-will-be-the-biggest-economy-in-the-world-by-2030-says-a-tech-group.jpeg)
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...
![](https://www.industryglobalnews24.com/images/us-trade-deficit-widens-to-record-711-bn-in-february.jpeg)
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 ...
![](https://www.industryglobalnews24.com/images/the-infrastructure-plan-will-create-19-million-jobs-says-us-president-joe-biden.jpeg)
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...
![](https://www.industryglobalnews24.com/images/916000-jobs-were-added-in-us-in-march-unemployment-rate-plunges-by-6-.jpeg)
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...