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Author Archives: Top News Editor

Philly Fed Index Indicates Modestly Slower Growth In July

After reporting an unexpected expansion in Philadelphia-area manufacturing activity in the previous month, the Federal Reserve Bank of Philadelphia released a report on Thursday showing a modest slowdown in the pace of growth in the month of July. Read Full ...

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UK Loses 650K Jobs Due To Pandemic

Since March, the UK lost about 650,000 jobs due to the coronavirus pandemic, despite the government’s furlough scheme, official data showed Thursday. The Office for National Statistics said early indicators for June suggested that the number of employees on payrolls ...

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China Economy Recovers At Faster Than Expected Pace

China’s economy rebounded at a faster-than-expected pace in the second quarter underpinned by strong industrial output as global economies attempt to recover from the unprecedented downturn posed by the coronavirus pandemic. Data published by the National Bureau of Statistics showed ...

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Australia Jobless Rate Rises To 7.4% In June

The unemployment rate in Australia came in at a seasonally adjusted 7.4 percent in June, the Australian Bureau of Statistics said on Thursday – in line with forecasts and up from the downwardly revised 7.0 percent in the previous month ...

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