Daily Archives: Aug 5, 2020 at 07:30 am EDT

US Economy Remains Vulnerable Amid Wave Of Ongoing Layoffs

Employment is expected to rebound again in this week’s update on payrolls in July, but it’s still premature to equate positive monthly hiring comparisons with an all-clear signal for the labor-market and economic outlook. A more reliable measure of what’s brewing can be found in two weekly reports: initial and continuing jobless claims. On both fronts, the numbers are still flashing warnings.

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Macro Briefing | 5 August 2020

Search for survivors continues in Beirut after massive blast at port: BBC
Dems and GOP report progress on coronavirus relief bill: CNBC
Risk of conflict between China and Taiwan may be rising: CNBC
One-fifth of US small businesses dismiss or plant to dismiss workers: BBG
Looking for investment wins if the Dems sweep in November: II
Eurozone Composite PMI: output rose at fastest rate in 2 years in July: IHS Markit
UK Services PMI posts strongest rise in five years in July: IHS Markit
China Services PMI: growth slowed in July: Reuters
US factory orders rose for a second month in June: MW
Gold continues to rally, reaching record high: BBC