China solar association says Xinjiang forced labour claims unfounded
Claims that Chinese solar firms are benefiting from forced labour in Xinjiang are unfounded and unfairly stigmatise firms with operations there, the country’s solar association said.
Take Five: The missing piece in the Fed puzzle
Next Friday’s U.S. employment report will allow investors to gauge whether a powerful U.S. recovery could push the Federal Reserve to start unwinding ultra-easy monetary policies sooner than expected.
Analysis: Push to end pandemic benefits may not be panacea for U.S. labor shortage
The 25 U.S. states calling an early halt to pandemic-related federal unemployment benefits have recovered more of the jobs lost during the crisis than other states, possibly limiting how much of a dent ending the weekly $300 payments will make in the national battle to fill record job vacancies.
Asia breathes sigh of relief as U.S. jobs fail to shock
Asian shares firmed on Monday while the dollar wavered after the anxiously awaited May U.S. payrolls report showed the recovery on track but not so hot that it might bring forward a policy tapering from the Federal Reserve.
Fewer Americans blame COVID for preventing them from seeking work
Fewer Americans are citing the coronavirus pandemic as the reason why they’re not looking for work as more people are getting vaccinated and unemployment steadily declines.
Record-high number of U.S. small businesses can’t fill job openings -NFIB
Nearly half of U.S. small business owners reported unfilled job openings in May, marking the fourth consecutive month of record-high readings as finding qualified applicants remains a lingering challenge, a trade group said on Thursday.
Amid hiring troubles, rising prices, U.S. growth gains speed -Fed
The U.S. economic recovery accelerated in recent weeks even as a long list of supply chain troubles, hiring difficulties, and rising prices cascaded through the country, Federal Reserve officials said in their latest review of economic conditions.
U.S. manufacturing gains steam; raw material, labor shortages mounting
U.S. manufacturing activity picked up in May as pent-up demand amid a reopening economy boosted orders, but unfinished work piled up because of shortages of raw materials and labor.
Fed’s Brainard: more ‘progress’ on recovery ahead, though still far from goals
The United States is getting closer to the Fed’s maximum employment and 2% inflation goals, Fed Governor Lael Brainard said on Tuesday, but the depth of the remaining problem still requires the central bank to stick to its super-easy monetary policy until more progress is seen.
U.S. weekly jobless claims drop sharply; second-quarter GDP growth unrevised at 6.4 pct
The number of Americans filing new claims for unemployment benefits dropped more than expected last week as layoffs subsided, with companies desperate for workers to meet surging demand unleashed by a rapidly reopening economy.
