U.S. jobless claims decline

Source: Marketwatch
The number of the U.S. unemployment claims considerably declined last week, sinking by 35,000 to 353,000 and presenting the biggest 1-week decrease of the year. Economists expected jobless claims to fall to 378,000. The main reason is a decreased number of layoffs in the automotive industry, indicating a changing pattern in industry employment.
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Fri, 27 Jul 2012 07:02:39 GMT

Changsha Plans $130 Billion Investment to Boost China's Economy

Changsha, the central city of China, announced an $130 billion investment plan aimed at boosting national economy at the period amid its growth slows. The city is addressing banks to fund 195 projects, including subway lines and airport. Local governments are pushing efforts to support the economy, introducing measures such as tax cuts to boost consumption.

Fri, 27 Jul 2012 07:55:39 GMT

The U.S. economy possibly grew at its slowest pace in the Q2

The U.S. economy possibly grew at its slowest pace in a year in the Q2 due to job market concerns which forced Americans to reduce their spending due to limited corporate investment caused by the deepening Eurozone debt crisis and U.S. tax policy changes. Annual growth rate of GDP was 1.4%, following a rise of 1.9% in the beginning of

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