Charting the Global Economy: US job growth softer than forecast

Quick Summary:

Employment last month was weighed down by job losses in the manufacturing, retail trade and information sectors.

Brazil’s economic growth picked up much more than expected in the second quarter, powered by strong consumer spending, raising the prospect of interest-rate hikes in the near future.

German industrial production dropped in July — highlighting the underlying troubles of Europe’s largest economy after it unexpectedly shrank last quarter.Output decreased 2.4% from June, worse than all estimates in a Bloomberg survey of economists.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaBrazilCanadaChileChinaEgyptGermanyJapanMalaysiaMongoliaPolandSpainVenezuela

Topics: Asia US job growth Interest rates Federal Reserve Emerging markets Global economy Rate cut

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-08 @ 10:38:15 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1459 words

Reading Time: 9 minutes read

Sentences: 39 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 22405882

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 2 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 1 days ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #84

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