U.S. labor market remains strong, economy slowing
The number of Americans filing applications for unemployment benefits fell to more than a 49-year low last week, but the drop likely overstates the health of the labor market as claims for several states including California were estimated.
China offers 6-year import boost in trade talks with US
China has offered a six-year boost in imports during its ongoing talks with the U.S., officials familiar with the matter told CNBC.
U.S. manufacturing output posts biggest gain in 10 months
U.S. manufacturing output increased by the most in 10 months in December, boosted by a surge in the production of motor vehicles and a range of other goods, which could allay fears of a sharp slowdown in factory activity.
China Presses on With Tax-Cut Strategy as Lending Stabilizes
China’s government is turning increasingly to tax cuts as the first line of defense against a slowing economy, as credit data released Tuesday showed some vindication of its gradual stimulus strategy.
China’s Slumping Trade Adds Pressure for Settlement With Trump
China’s exports slumped in December as a rush of orders to beat expected tariffs showed signs of fading and as domestic buyers succumbed to a worsening economic outlook.
U.S. Payrolls Rise 312,000, Wages Accelerate in Jobs Blowout
U.S. employers added the most workers in 10 months as wage gains accelerated and labor-force participation jumped, reflecting a robust job market that nevertheless faces mounting risks in 2019.
Key reading of manufacturing sector drops to lowest level in more than 2 years
Activity in the U.S. manufacturing sector expanded at a much slower pace than expected last month, according to the Institute for Supply Management.
Companies added way more jobs than expected in December
Contrary to growing concerns about a potentially slowing U.S. economy, job creation surged in December as measured by the latest ADP/Moody’s Analytics survey released Thursday.