Both chambers of Congress have left for their August recesses and are not expected to return until September unless they strike a COVID-19 relief deal
The report also showed that the four-week moving average, a method to iron out data volatility, decreased by 86,250 to 1.25 million
The federal government rang up a $63 billion deficit in July, the department reported
"The numbers are coming in very, very nicely," National Economic Council Director Larry Kudlow told Fox Business Network
Consumer spending is likely to say low relative to the past as people avoid activities that require high levels of social interaction for health reasons, Rosengren said
In a regular recession, the pay gap between men and women shrinks by two percentage points as men tend to get hit harder by job losses
The president can't unilaterally cut the 20 per cent long-term capital gains rate without Congress, but some advisers tell him he could issue an executive order
Ultra-low interest rates, trillions of dollars in stimulus and, more recently, a better-than-feared second-quarter earnings season have allowed all three of Wall Street's main indexes to recover
JSW Steel outlined plans two years ago to invest $1 billion in the US to expand its global footprint
West Texas Intermediate crude futures rose 50 cents, or 1.2%, to $41.72 a barrel at 0301 GMT, while Brent crude futures were up 40 cents, or 0.9%, at $44.80 a barrel
"Because the Trump plan taps a limited pool of existing funds to extend unemployment benefits at $400 per week, there is a high risk they run short ahead of the election," Husby said
Like almost everywhere else, the ability of assets to earn returns in industries ranging from airlines, hotels and commercial real estate - from large firms to their small vendors - has been impaired
Talks have been dragging over differences on major issues, including the size of a government benefit for unemployed workers
Buffett's conglomerate began putting more of its $137 billion cash pile to work after a period of relative silence during the start of the pandemic
How prioritising individualism, govt missteps hindered Covid-19 control in US
The hopeful truth is that when Americans band together to force open the gates of opportunity for women, for Black men, for the groups that have long been oppressed in our economy, everyone gets ahead
The Dow Jones Industrial Average fell 30.70 points, or 0.11%, at the open to 27,170.82.
The order will include a "Buy America" provision governing federal purchases of medical supplies and equipment
The increase in infections has raised the downside risks to the economic outlook and suggests the reopening of the U.S. economy may be more protracted
White House negotiators on Tuesday vowed to work "around the clock" with congressional Democrats to try to reach a deal on the package by the end of this week