Tag Archives: US Economy

Business inventories in the United States declined during the month of June by 1.1% after decreasing by 2.3% in May, according to data by the U.S. Census Bureau of the Department of Commerce Retail inventories decreased by 2.6% in June, while wholesale inventories fell by 1.4%. Due to recent events …

The United States nonfarm business sector labor productivity increased by 7.3% during the second quarter (Q2) of 2020, as shown by the data released by the Bureau of Labor Statistics (BLS) of the U.S. Department of Labor on Friday. However, output decreased by 38.9% and hours worked declined by 43%. …

The Trump administration is satisfied with the progress made in applying the first phase of the trade deal between the United States and China, according to White House economic adviser Larry Kudlow. Kudlow, the Director of the National Economic Council, told Fox News on Thursday that the U.S. Trade Representative, …

White House economic adviser and the Director of the National Economic Council, Larry Kudlow, expects unemployment rate in the United States to fall below 10% in August. Besides the single-digit unemployment rate, Kudlow says the U.S. economy growing in the third quarter (Q3) by 20%, Reuters reported. “The key point …

The United States federal budget deficit declined to $63 billion in July, compared with $864 billion in June, Reuters reported. This is attributed to a delayed payment deadline on July 15, which boosted revenues last month. Deficit since the beginning of 2020 to the end of July stands at $2.81 …

The United States economy does not near a huge stimulus package, according to the White House economic adviser, Reuters reported. The Director of the National Economic Council, Larry Kudlow, said on Wednesday that the economy’s numbers and figures are improving, despite a recent increase in COVID-19 cases. “The executive orders …

Democrats and Republicans in the United States Congress are strongly disagreeing about the details of a new economic stimulus package. The Democrats are proposing around $3 trillion in funding, while Republicans do not to spend around $1 trillion. According to the Speaker of the House, Nancy Pelosi, the two parties …

The Producer Price Index (PPI) in the United States recorded its highest monthly increase since October 2018, rising by 0.6% in July, data showed on Tuesday. The reading comes as double the expectations of a recent Reuters poll, and after the index declined by 0.2% in June. On an annual …

Job openings in the United States rose in June more than expected, as shown by data released on Monday. The new job openings increased to 5.89 million in June, from a revised 5.37 million in May, as per daya by the U.S. Department of Labor’s Job Openings and Labor Turnover …

Wholesale inventories in the United States declined by 1.4% in June, according to data by the U.S. Department of Commerce on Friday. Wholesale inventories were expected to decline by 2%, according to initial estimates after falling by 1.2% in May. Moreover, goods imports saw their biggest increase in more than …