U.S. job growth slows sharply in July

WASHINGTON (Reuters) – U.S. employment growth slowed considerably in July amid a resurgence in new COVID-19 infections, offering the clearest evidence yet that the economy’s recovery from the recession caused by the pandemic was faltering. Nonfarm payrolls increased by 1.763…

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Motor vehicles power U.S. factory orders in June

WASHINGTON (Reuters) – New orders for U.S.-made goods increased more than expected in June, suggesting the manufacturing sector was regaining its footing, though rising COVID-19 cases threaten the tentative recovery. The Commerce Department said on Tuesday factory orders rose 6.2%,…

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