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Economy

Employment growth slows sharply in November amid coronavirus surge

04.12.2020

Nonfarm payrolls increased by just 245,000 in November, well below Wall Street estimates as rising coronavirus cases coincided with a considerable slowdown in hiring. Economists surveyed by Dow Jones had …

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Economy

Christmas tree sales are telling a holly, jolly economic story

04.12.2020

John Williams, left, and his dad Terry, right, both of Salem, carry a large Christmas Tree out of the field together at Tucker Tree Farm in Salem, Oregon, November 29, …

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Economy

The pace of job gains likely slowed in November due to the impact of virus shutdowns

03.12.2020

Job gains in November are expected to be weaker than in October, reflecting the impact of virus-related shutdowns by states and local governments due to the record spread of Covid-19. …

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Economy

Extending pandemic unemployment benefits into 2021 could save 5.1 million jobs, according to report

03.12.2020

In the months since the U.S. labor market shed roughly 22.2 million jobs at the start of the coronavirus recession, some 10 million roles still have not recovered as the …

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Economy

Jobless claims hit pandemic-era low as hiring continues even with rising Covid cases

03.12.2020

New jobless-claim filings last week reached their lowest level of the pandemic crisis, providing a sign that hiring is continuing if at a slower pace. First-time claims for unemployment benefits …

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Economy

Mortgage demand from homebuyers spikes 28%, and the average loan amount sets a record high

02.12.2020

A house for sale in Sarasota, Florida Scott Mlyn | CNBC  Thanksgiving week isn’t usually a popular time for homebuying, but most economic numbers this year are incomparable, especially in …

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Economy

Hiring falls off in November to slowest rate since July

02.12.2020

Private payrolls grew at their slowest pace since July amid a deceleration in large business hiring for November, ADP’s monthly payrolls report said Wednesday. Companies hired 307,000 workers last month, …

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Economy

China continuing to outpace the U.S. economy, CFO survey reveals

02.12.2020

China’s economic outlook is improving faster than in other regions around the world, including the U.S. according to the latest CNBC Global CFO Council survey for the fourth quarter 2020. …

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Economy

Weekly jobless claims counts are inaccurate and the unemployed are being underpaid, watchdog says

30.11.2020

Erin Scott/Bloomberg via Getty Images The Department of Labor has been both miscounting the number of people receiving unemployment benefits and underpaying those under a special program instituted to address …

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