Confirming Recovery Is Under Way
Published Friday, August 7, 2020; 9:00 p.m. EST
(Friday, August 7, 2020; 9:00 p.m. EST) Confirming a recovery is under way and the recession is ending, the U.S. Labor Department reports 1.76 million net new jobs were created in July and the rate of unemployment dropped to 10.2%. In addition, strong increases in the service and manufacturing sectors were reported by corporate purchasing managers, according to the Institute of Supply Management, and ISM's forward-looking sub-index measuring new-order activity surged in July. Improvement in the job situation and corporate purchasing numbers had been expected but the gains were materially stronger than had been expected by economists. 08/07/2020 closing number: 3,351.28 The Covid-crisis...
This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation. Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.
2023
-
Despite Bank Fears And A Fed Hike, Stocks Climbed For The Week
-
Bank Panic And Strong 1Q '23 Economic Growth
-
Mixed Economic Signals And A Bank Failure
-
Service Sector Remained Strong In February, Soothing Investors For Now
-
Inflation Rose In January, Indicating Tight Monetary Policy May Continue Into 2024
-
Amid Divergent Data, Here's What To Know
-
Optimistic Again, Will A Fed Algorithm Be Right Again?
-
The Bipolar Economy Of 2023
-
On Wednesday, We’ll Know If The Federal Reserve Will End Inflation By Causing A Recession
-
Technology Drove S&P 500 1.9% Higher Friday, But Look At Tech's Terrible 2022 Loss
-
Here What To Know To Invest Wisely
-
Prudence Requires Positioning Portfolios For An Economic Expansion