Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Search »

VWAP Indicator. Usage Peculiarities.

Tape Patterns Indicator

Bitcoin's Getting Ready For a Strong Rally

Bloomberg: Crypto Is Better Than Gold In 2020

Gold Prices Drop Below $1860/oz, Seeing A Major Downtrend

Masterforex-V Books

Business And Politics News

U.S. Labor Market Disappoints, Economy Slows Down

Thu, 06 Aug 2020 10:06:00 +0000

The employment rate in the United States increased by 167.000 people in July 2020. It's important to mention the fact that the data came in much worse than expected. According to Reuters, this increase was expected to reach 1.5 million people. At the same time, July's figures were much worse than those revealed in June 2020.

Pandemic Affects U.S. Labor Market and Entire Economy

The employment rate increase by 167K people, according to ADP, is the result below Bloomberg's expectations, as well. The experts used to expect a 1.2-million-people increase for the reporting period. As we have already mentioned, this is way below June's increase of 2.4 million people. However, the PMI figures cam in slightly better than expected.

According to Bloomberg, the coronavirus pandemic is the key reason for the economic slowdown in the USA, and the entire world. JP Morgan experts say the ADP figures, though better than expected, still assure then that the U.S. economy has been slowing down over the last few weeks.

On the same day, the PMI figures were published, coming in at 50 points and 50,3 points (for PMI Composite) against 47.9 points in June and 49,6 points expected this time respectively. For those of you who don't know, a value above 50 points means recovery in the sector.

You are free to discuss this article here: forum for traders and investors

Got a question? – Ask it here »

Hot news

Goldman Sachs is back in the game

Forex Consolidation. EUR/USD and GBP/USD

Bitcoin's Getting Ready For a Strong Rally

Bloomberg: Crypto Is Better Than Gold In 2020

SEC Announces $10M Bounty For Whistle Blowers

Publication date: 17 September 12:38 PM

The former budget advisor under Ronal Raygan's administration, of the founders of the so-called Rayganomics, David Stockman, is a big adversary of the Federal Reserve's policies. He thinks that artificial interest rate cuts coupled with uncontrolled QE (money printing) creates madness in financial markets, thus separating asset evaluation from their intrinsic value of those assets.

Publication date: 23 August 07:32 AM

Apple has recently acquired Mobeewave, a startup specializing in online payments. The price of the deal is 100 million dollars. According to Bloomberg, the company's technology may allow Apple to turn iPhones into mobile payment terminals accepting mobile payments. To be more specific, Mobeewave developed a technology making it possible to make financial transactions between mobile devices through the built-in NFC module.

Publication date: 05 August 09:27 AM

There are 1838 officially recognized professions in China. Now, there list is up by 2 professions - blockchain engineer and blockchain app operator. The Chinese Ministry of Human Resources and Social Security (MOHRSS) has recently confirmed that by updating the list of official professions.

Publication date: 20 July 11:42 AM

By 2025, South Korea is planning to invest over 48 billion dollars in blockchain. The goal is to digitize all of the industrial sectors of the national economy in this post-pandemic era. According to ZDNet Korea, the president highly rated some of the benefits this process may bring to South Korea.

Publication date: 18 July 09:40 AM

Everyone has probably heard of the #BlackLivesMatter riots, which have been going on in the United States for a while. However, international financial markets seem to have been underestimating this event, which happens to be the biggest riots in the USA in 50 years! Why is that?

Publication date: 18 June 07:56 AM

Publication date: 05 June 04:42 AM

Forbes has recently published the list of 2095 billionaires from different parts of the world. It turns out that 4 of them owe it to cryptocurrencies. Who they are, the cryptocurrency billionaires?

Publication date: 13 April 11:54 AM

Publication date: 07 March 09:03 AM

Publication date: 07 March 08:15 AM

«Market Leader» - news and previews making you rich.

Business And Politics News

U.S. Labor Market Disappoints, Economy Slows Down

SEC Announces $10M Bounty For Whistle Blowers

Raygan's Former Advisor Accuses the Fed of a Big Fraud

iPhone as a Payment Terminal: Apple Bought a Startup For That

China Makes Blockchain Professions Official

South Korea Invests Billions In Blockchain Technologies

Black Lives Matter - Investors Keep Ignoring Major Riot In US In 50 Years. Why?

Donald Trump Influences Bitcoin Exchange Rate

Only 4 Of All Existing Billionaires Made Their Fortunes With Cryptocurrencies

Life After Brexit: EU-UK Talks Are Underway

USA May Take Steps To Support National Economy After COVID-19 Pandemic