Pence says jobs report indicative of U.S. economy beginning to recover
U.S. Vice President Mike Pence said the jobs report released on Friday was a sign the U.S. economy was beginning to recover from the deep hit caused by the novel coronavirus outbreak, but said President Donald Trump is still in favor of a payroll tax c…
BA owner considers legal challenge to UK quarantine as relations fray
The owner of British Airways is considering a legal challenge to Britain’s quarantine plan, as relations between airlines and the government are frayed by steps to curb the coronavirus pandemic.
Barclays poaches Citigroup’s Chawla in latest insurance investment banker move
Gautam Chawla is joining Barclays from Citigroup Inc , a statement from the British lender said on Friday, continuing the recent spate of job changes among senior financiers covering the insurance industry.
Equities surge, bonds tumble on surprise U.S. jobs gains
An unexpected jump in U.S. employment sent world equities and oil surging on hopes that the global economy has started to recover from the coronavirus pandemic, pulling investors out of perceived safe havens like government bonds and gold.
Bombardier to cut 2,500 aviation jobs as pandemic dents travel demand
Canadian plane and train maker Bombardier Inc said on Friday it would cut 2,500 jobs, or about 11% of the workforce at its aviation unit, as the coronavirus pandemic’s crushing impact on the air industry adds to its long list of problems.
Canada gains surprise 289,600 jobs in May, jobless rate hits record
Canada unexpectedly gained 289,600 jobs in May even as the jobless rate hit a record high at 13.7%, data showed on Friday, buoyed by the loosening of stay-at-home restrictions in parts of the country.
Wall Street jumps on surprise fall in unemployment rate
U.S. stocks jumped at the open on Friday after a closely watched report showed a surprise drop in the U.S. unemployment rate, lending weight to hopes of a faster economic rebound from a coronavirus-driven slump.
Surprise May U.S. payrolls rise fans hopes for economic recovery
The U.S. unemployment rate unexpectedly fell in May and layoffs abated, the Labor Department said on Friday in a report that showed the latest signs the economic downturn caused by the COVID-19 pandemic was bottoming.
Trump congratulates self on U.S. jobs report, will hold news conference at 10 a.m. EDT
President Donald Trump on Friday sent a tweet taking credit for a stunning U.S. jobs report that showed the country’s unemployment rate dropped during the thick of the coronavirus pandemic, and then announced he would hold a news conference at 10 a.m. …
U.S. labor market unexpectedly improves in May
The U.S. economy unexpectedly added jobs in May after suffering record losses in the prior month, offering the clearest signal yet that the downturn triggered by the COVID-19 pandemic was probably over, though the road to recovery could be long.
