U.S. private payrolls growth slowed sharply in July, pointing to a loss of momentum in the labor market and overall economic recovery as new COVID-19 infections spread across the country.
The ADP National Employment Report on Wednesday showed private payrolls increased by 167,000 jobs last month. Data for June was revised up to show payrolls jumping by 4.314 million jobs instead of advancing 2.369 million as previously estimated.Economists polled by Reuters had forecast private payrolls increasing by 1.5 million in July.
A survey from the Institute for Supply Management on Monday showed a measure of factory employment contracted in July for the 12th straight month even as manufacturing activity accelerated to a 16-month high.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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: S&P 500, Nasdaq dip as US-China tensions heat up over TikTok[BENGALURU] The S&P 500 and Nasdaq ticked lower on Tuesday as President Donald Trump's moves to force China-owned TikTok into a sale of its US operations drew a sharp rebuke from Beijing, ratcheting up tensions as the world slides into a pandemic-fuelled recession. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Gold vaults above US$2,000 mark for first time in history on US stimulus betsNEW YORK (REUTERS) - Gold prices soared past the key US$2,000 mark for the first time in history on Tuesday (Aug 4), as the ultra-low interest rate environment and hopes for more US stimulus to safeguard the coronavirus-hit economy enhanced the safe-haven metal's appeal.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
US coronavirus fraud losses near US$100 million as COVID-19 scams doubleLOS ANGELES: US losses from coronavirus-related fraud and identity theft have reached nearly US$100 million since the pandemic emerged in March, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore factory activity expands slightly in July after 5 months of contractionSINGAPORE: Singapore’s factory activity expanded slightly in July after five months of contractions. The Purchasing Managers’ Index (PMI) for ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
July PMI turns positive, but employers' hiring sentiment still weakSINGAPORE's manufacturing sentiment has inched into positive territory in July for the first time in six months, but economists caution that this may not translate into improved hiring sentiment in the second half of 2020. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Vietnam's new COVID-19 outbreak started in early July, says governmentHANOI: Vietnam's recent COVID-19 outbreak in the central city of Danang, which led to more than 200 cases and eight deaths, appears to have ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »