KEY POINTS The jobless rates declined in the month for adult men (to 8%), adult women (8.4%), teenagers (16.1%). The number of Americans on temporary layoff decreased by 3.1 million to 6.2 million in August But the number of permanent job losers increased by 534,000 to 3.4 million in August […]
August
4 Finance Stocks That Beat S&P 500’s Sizzling August Rally
After witnessing a volatile first half of the year due to the pandemic-led concerns, the S&P 500 has recorded its best August in the past 36 years, soaring about 7%. Of the 11 S&P 500 sectors, nine witnessed growth. Major technology companies’ resilience to the coronavirus crisis heavily supported the […]
Consumer Confidence Drops Unexpectedly in August | National News
Consumer confidence fell unexpectedly in the first two weeks of August to its lowest level in six years as households grew increasingly worried about the economy following a sustained surge in coronavirus cases this summer. The Conference Board said Tuesday that its consumer confidence index, which measures how optimistic consumers […]