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Showing posts with label Record. Show all posts
Showing posts with label Record. Show all posts

Wednesday, December 29, 2021

Covid Cases: U.S. Shatters Prior Record Of New Covid Cases Over Past 7 Days - by Lisa Kim

As of Wednesday morning, the seven-day average of new infections totaled 282,117, eclipsing the previous record of around 250,000 on January 11, according to Johns Hopkins University’s Covid data tracker.

Comparing the U.S. seven-day average with other countries most affected by new Covid cases, the U.K. and France set new records this week, peaking at around 115,000 and some 88,000, respectively, according to Johns Hopkins University.

Read more at: U.S. Shatters Prior Record Of New Covid Cases Over Past 7 Days

Saturday, June 19, 2021

Sunday, August 23, 2020

America's economy just had its worst quarter on record

The US economy contracted at a 32.9% annual rate from April through June, its worst drop on record, the Bureau of Economic Analysis said Thursday.

Read more at:
America's economy just had its worst quarter on record - CNN

Wednesday, November 15, 2017

Aircraft Industry: Airbus lands massive order; Alabama will help fill it - by Lawrence Specker

Airbus has landed a massive order for more than 400 new jets, and indications are that at least some of them will be made in Alabama.

In Germany, Der Spiegel took notice of the news as the largest single deal in the company's history. In the U.S., Kristi Tucker, director of communications for Airbus Americas, said that the arrangement struck at the Dubai Air Show had a definite connection to Airbus' Final Assembly Line in Mobile.

According to the report in Der Spiegel, the U.S.-based investment company Indigo Partners will buy 430 medium-range jets. The plan is to purchase 273 A320neo jets and 157 A321neos. They'll go to four airlines owned by Indigo: Frontier Airlines in the U.S., Chile-based JetSmart, Mexico-based Volaris and Hungary-based Wizz Air.

Airbus builds its A320-family jets at four locations in Toulouse, France; Hamburg, Germany; Tianjin, China; and Mobile. The company is often coy about saying exactly which plant will build the jets in a given order. However, the Alabama FAL was built primarily to serve customers in North and South America, where most of the jets ordered by Indigo Partners will be flown.

Read more: Airbus lands massive order; Alabama will help fill it | AL.com

Friday, August 5, 2016

US economy posts largest job gains in eight months in June

U.S. job growth surged in June as factories and retailers boosted hiring, confirming the economy has regained speed after a first-quarter lull, but tepid wage growth could see the Federal Reserve still cautious about hiking interest rates.

Non-farm payrolls increased by 287,000 jobs last month, the largest gain since last October, the Labor Department said on Friday. May payrolls were revised down to show them rising 11,000 rather than the previously reported 38,000.

”It’s a great number. This affirms the economy is still on decent footing but it doesn’t change the Fed’s path,” said Darrell Cronk, chief investment officer at Wells Fargo Wealth and Investment in New York.Last month’s tally beat economists’ expectations for an increase of only 175,000 jobs.

While the unemployment rate rose two-tenths of a percentage point to 4.9 percent, that was because more people entered the labor force, a sign of confidence in the jobs market.Wage growth remains sluggish even as the labor market tightens.

Average hourly earnings increased only two cents or 0.1 percent in June. The year-on-year gain in earnings rose to 2.6 percent after advancing 2.5 percent in May.The strong rebound in June payrolls added to data on consumer spending and housing in suggesting that economic growth accelerated from the first-quarter’s anemic 1.1 percent annualized rate.

The Atlanta Fed is currently forecasting the economy growing at a 2.4 percent pace in the second quarter.But the signs of strength in the economy precede Britain’s stunning vote last month to leave the European Union.Given the U.S. central bank’s desire to wait on more data to assess the economic impact of the so-called Brexit, the employment report probably has little impact on the near-term outlook for interest rates.

The Brexit referendum on June 23 roiled financial markets, raising fears that sustained volatility might negatively impact companies’ hiring and investment decisions.

Economists have also warned that slower growth in Europe and a stronger dollar could weigh on the U.S. economy.Minutes of the Fed’s June 14-15 meeting published on Wednesday showed that officials “agreed that … it was prudent to wait for additional data on the consequences of the UK vote.

”The Fed raised rates in December for the first time in nearly a decade, but markets now expect no further increase this year.U.S. stock futures rose sharply after the report.

The dollar raced to a two-week high against the euro while U.S. Treasuries pared losses.Manufacturing employment increased 14,000 last month after shedding 16,000 jobs in May. The retail sector added 29,900 jobs, and the leisure and hospitality sector gained 59,000…

Read more: US economy posts largest job gains in eight months in June | info-europa