WASHINGTON: The US industrial production climbed in November to its highest level since the Covid-19 pandemic began, the Federal Reserve said on Thursday. The 0.5 per cent overall gain in the month was less than expected but brought the index to its highest level since September 2019, and 5.3 per cent above its level in … Read more
WASHINGTON: The United States added just 210,000 jobs last month, the government reported on Friday, less than half the increase analysts were expecting in the latest headwind for President Joe Biden. The White House has been banking on a solid economic recovery to bolster support for Biden and his massive Build Back Better spending bill that … Read more
WASHINGTON: Americans are spending their way into the holiday season, while jobless claims have fallen to historic lows, new data showed on Wednesday, offering some respite for President Joe Biden as he steers the recovery from the Covid-19 pandemic amid soaring inflation. The raft of surveys paint a picture of a country where companies are … Read more
