TechLife News

PICTURE OF US ECONOMY IS WORRISOME AS VIRUS INFLICTS DAMAGE

Gripped by the accelerating viral outbreak, the U.S. economy is under pressure from persistent layoffs, diminished income and nervous consumers, whose spending is needed to drive a recovery from the pandemic.

A flurry of data released this week suggested that the spread of the virus is intensifying the threats to an economy still struggling to recover from the deep recession that struck in early spring.

The number of Americans seeking unemployment aid rose last week for a second straight week to 778,000, evidence that many employers are still slashing jobs more than eight months after the virus hit. Before the pandemic, weekly jobless claims typically amounted to only about 225,000. Layoffs are still historically

Вы читаете отрывок, зарегистрируйтесь, чтобы читать полное издание.

Другое от: TechLife News

TechLife News3 мин. чтения
Once More Unto The Breach In ‘Godzilla Vs. Kong’
“Godzilla vs. Kong”begins, fittingly, with the big guy asleep. There is King Kong, colossus of the big screen, slowing waking on a mountainside. He rouses slowly in the morning sun from slumber before showering in a nearby waterfall. It’s, maybe, a l
TechLife News2 мин. чтенияComputers
Microsoft Wins $22 Billion Deal Making Headsets For Us Army
Microsoft won a nearly $22 billion contract to supply U.S. Army combat troops with its augmented reality headsets. Microsoft and the Army separately announced the deal this week. The technology is based on Microsoft’s HoloLens headsets, which were or
TechLife News1 мин. чтенияScience & Mathematics
Us, China Consulted On Safety As Their Crafts Headed To Mars
As their respective spacecrafts headed to Mars, China and the U.S. held consultations earlier this year in a somewhat unusual series of exchanges between the rivals. China’s National Space Agency confirmed Wednesday that it had working-level meetings