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Katia Dmitrieva

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UNITED STATES business activity shrank in February due to constraints caused by the Covid-19 outbreak that originated in China and has since spread to other countries including South Korea, Japan and Singapore, among others. / BLOOMBERG FILE PHOTO/CHUNG SUNG-JUN

U.S. business gauge posts first contraction since 2013 on virus

WASHINGTON – United States business activity shrank in February for the first time since 2013 as the coronavirus hit supply chains and made firms...

U.S. jobless claims rise a second week to 210,000, as forecast

WASHINGTON – Filings for United States unemployment benefits increased for a second week, though remained near levels signaling that the labor market is historically...
THE UNEMPLOYMENT RATE among Americans aged between 22 and 27 who recently earned a Bachelor’s degree or higher was 3.9% in December - about 0.3 percentage point above the rate for all workers. / AP FILE PHOTO/SETH WENIG

In hot U.S. jobs market, half of college grads are missing...

WASHINGTON – Millions of Americans are seeing little return from their expensive college degrees - even in today’s hot jobs market. For the first time...
U.S. JOBLESS CLAIMS increased 6,000 to 211,000 last week. / BLOOMBERG FILE PHOTO/JEFF KOWALSKY

U.S. applications for jobless benefits rise less than forecast

WASHINGTON – The number of Americans applying for unemployment benefits rose less than forecast, marking the first increase in six weeks and adding to...
THE VALUE of U.S. retail sales climbed 0.2% in November, lower than estimates. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

U.S. retail sales miss forecasts as restaurants decline

WASHINGTON – United States retail sales missed forecasts calling for an acceleration in November as clothing stores and restaurants posted declines, signaling the economy’s...
U.S. JOBLESS claims increased 49,000 to 252,000 last week. / BLOOMBERG NEWS FILE PHOTO/JEFF KOWALSKY

U.S. jobless claims rise to 252,000 amid holiday volatility

WASHINGTON – Applications for unemployment benefits increased more than expected to a two-year high amid seasonal volatility in an otherwise stable labor market. Jobless claims...
U.S. NONFARM PAYROLL employment increased 266,000 in November. / BLOOMBERG NEWS FILE PHOTO/JEENAH MOON

U.S. Jobs Trounce Forecasts With 266,000 Gain; Wages Heat Up

U.S. job gains roared back in November as unemployment matched a half-century low and wages topped estimates, giving the Federal Reserve more reason to...
THE U.S. GOODS TRADE deficit decreased to $66.5 billion in October from $70.5 billion the prior month. / BLOOMBERG NEWS FILE PHOTO/TIM RUE

U.S. goods trade deficit narrowed in Oct. as imports plunged

WASHINGTON – The United States merchandise-trade deficit unexpectedly narrowed to the lowest in more than a year as imports plummeted, signaling the impact of...
U.S. MANUFACTURING dropped 0.6% in October. / BLOOMBERG NEWS FILE PHOTO/MATTHEW BUSCH

U.S. factory output declines by most since April on GM strike

WASHINGTON - United States manufacturing output slumped in October by the most in six months as an auto workers' strike at General Motors Co....
U.S. CONSUMER CREDIT increased $9.5 billion in September, the slowest growth rate since June 2018. / BLOOMBERG FILE PHOTO/DAVID PAUL MORRIS

U.S. consumer credit rises at slowest pace since June 2018

WASHINGTON – United States consumer credit rose in September at the slowest rate since mid-2018 as Americans carried smaller credit card balances. Total credit increased...

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