US business formation surges in January

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 62 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 66%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Applications to start new U.S. businesses jumped in January, suggesting economic activity was steadily picking again, although the coronavirus ...

Applications to start new U.S. businesses jumped in January, suggesting economic activity was steadily picking again, although the coronavirus pandemic continues to pose a risk to growth.

FILE PHOTO: A"We're Hiring" sign advertising jobs is seen at the entrance of a restaurant, as Miami-Dade County eases some of the lockdown measures put in place during the coronavirus disease outbreak, in Miami, Florida, U.S., May 18, 2020. REUTERS/Marco Bello/File PhotoWASHINGTON: Applications to start new U.S. businesses jumped in January, suggesting economic activity was steadily picking again, although the coronavirus pandemic continues to pose a risk to growth.

The Commerce Department said on Wednesday business applications surged 42.6per cent to a seasonally adjusted 492,133 last month. The data is derived from business applications for tax identifications.There were a seasonally adjusted 54,635 applications from corporations. Applications for businesses with planned wages totaled 58,023. Overall, applications increased in all four regions last month.

The COVID-19 pandemic has decimated businesses in the services sector, especially restaurants and bars, leaving millions unemployed. The economy has recovered 12.3 million of the 22.2 million jobs lost in March and April, when the pandemic started in the United States. At least 17.8 million Americans are on unemployment benefits.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 6. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie