Economic News

U.S. economy unexpectedly lost 23,000 jobs in July

Nonfarm payrolls were projected to increase by 83,000 in July while the unemployment rate held steady at 4.2%, according to the Dow Jones consensus.

The July jobs numbers are due out Friday. Here's what to expect

Nonfarm payrolls are expected to post a gain of just 83,000 with an unchanged unemployment rate at 4.2%.

Private companies added just 44,000 workers in July, below expectations, ADP reports

Hiring at private companies slowed considerably in July, with most of the job growth coming health care.

Europe is blowing up riverbeds as an extreme drought wreaks havoc on its economy

Severe drought is disrupting energy and freight across Europe as low Rhine and Danube levels raise risks for supply chains and economic growth.

Manufacturing survey shows inflation worries 'worse than pandemic era,' adding to Fed pressure

The commentary pointed to a highly volatile environment in which purchasing managers were struggling to stay ahead