Ahead of US August jobs data, high frequency numbers still show stodgy progress

The U.S. economic recovery continued to hunt for traction over the past week with high frequency data on employment and retail traffic moving at a stodgy pace, pointing to a long trip back to normal.

Shifts worked at a broader set of industries continued to expand only slowly, according to data provided by Kronos https://www.kronos.com/about-us/newsroom/update-us-workforce-activity - a result consistent with disappointing results from payroll provider ADP this week pointing to slower-than-expected job growth in August.Graphic: Employment in real time - https://graphics.reuters.com/USA-ECONOMY/REOPENING/gjnvwxamxpw/chart.

New York Fed data tracking overall gross domestic product continued a steady rise, while an Oxford http://blog.oxfordeconomics.com/topic/recovery-tracker Economics recovery index including health, economic and social statistics increased for the fourth straight week. It was edging near where it was in mid-March when the economic impact of the pandemic was just being felt.

Graphic: Oxford Economics Recovery Index - https://graphics.reuters.com/USA-ECONOMY/OXFORDINDEX/rlgpdlnyepo/chart.png Data from restaurant reservation site OpenTable has shown a rise in activity at restaurants in recent weeks. But it remains just over half what it was as of the first of March, two weeks before a declaration of national emergency and orders in many states and cities for businesses to close temporarily.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US private payrolls increase modestly in August-ADPU.S. private payrolls increased less than expected in August, suggesting that the labor market recovery was slowing as the COVID-19 pandemic drags ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Struggling airlines lead US planned job cuts in August: ReportU.S. employers announced another 115,762 job cuts in August, led by struggling airlines as the COVID-19 pandemic weighs on travel and financial ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Democratic presidential candidate Joe Biden raised record haul of over US$300 million in August: ReportWASHINGTON (REUTERS) - Democratic presidential candidate Joe Biden was expected to report a record fund-raising haul of more than US$300 million (S$400 million) for the month of August, the New York Times reported on Tuesday (Sept 1), citing two people familiar with the matter.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Struggling airlines lead US planned job cuts in August: reportU.S. employers announced another 115,762 job cuts in August, led by struggling airlines as the COVID-19 pandemic weighs on travel and financial ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Biden campaign raised US$364 million in August, breaking recordWILMINGTON: Democratic presidential candidate Joe Biden raised more than US$364 million in August, reportedly breaking the record for monthly ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Microsoft unveils 'deepfake' detector ahead of US presidential electionSAN FRANCISCO (AFP) - Microsoft has unveiled software that can help spot 'deepfake' photographs or videos, adding to the list of programs designed to fight the hard-to-detect images ahead of the United States presidential election.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »