Economic recovery trackers stumble as Labor Day boost fades and demand wavers - Business Insider

, marking a symbolic halfway point in the nation's recovery 19 weeks after the bank began tracking progress.

Oxford Economics' recovery tracker erased end-of-August gains and fell 0.3 points to 80.9 over the first week of September. While a drop in new COVID-19 infections lifted the gauge's health component, credit card spending metrics fell and demand gains were concentrated in "transitory" holiday activities.

The composite score underlying Goldman's Reopening Scale sank 6 points this week to 68 from a revised reading of 74. The decline is the biggest single-day drop for the gauge since the onset of the coronavirus pandemic in early March. , the Labor Department announced Thursday. The decline is smaller than those seen through the summer, and the reading missed the consensus economist estimate of 850,000 filings.A Wall Street firm says investors should buy these 15 cheap, high-earning stocks now to beat the market in 2021 as more expensive companies fall behind

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US weekly jobless claims decline to 860,000 amid signs of economic recovery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. This is not economic recovery lmao wtf. I read that as 860k NEW people lost their jobs again this week. Motley fool article on OpenLearning=ASX$OLL🚀 Look at the current chart's for OpenLearning=ASX$OLL 🤔OpenLearning has broken out into a new higher trend and looks to be going 🚀🚀🚀🚀🚀
Source: BusinessInsider - 🏆 729. / 51 Read more »

Snowflake explodes 166% higher on first day of trading after biggest IPO of 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Invest in bitcoin today and make over $2000 weekly with just $200 No thanks Crazy
Source: BusinessInsider - 🏆 729. / 51 Read more »