The Economic System
WASHINGTON — The U.S. commerce deficit increased to a document $75.7 billion in June as a rebounding American economy sent demand for imports surging. The Commerce Department reported Thursday that the deficit rose 6.7{384657de762d2b88b1408f154c6be17e68def4f427972d0f01685bb85b78a590} from a revised May deficit of $71 billion. LONDON — The British financial system grew by four.8{384657de762d2b88b1408f154c6be17e68def4f427972d0f01685bb85b78a590} in the second quarter of 2021 as lockdown restrictions were lifted however stays 4.4{384657de762d2b88b1408f154c6be17e68def4f427972d0f01685bb85b78a590} under the extent it was just earlier than the start of coronavirus pandemic, official figures confirmed Thursday. WASHINGTON — The variety of Americans in search of unemployment advantages fell for a 3rd straight time final week, the most recent signal that employers are shedding fewer individuals as they struggle to fill a document variety of open jobs and meet a surge in consumer demand.
It is necessary to consider multifactor productivity development outdoors the upheaval of a recession because the speedy modifications throughout a downturn boost productivity progress within the quick term however typically do not symbolize longer-term trends. Figure 4 reveals the annual multifactor productiveness progress from 1988, the earliest 12 months these knowledge can be found, to 2019. For a lot of the enterprise cycle leading up to the pandemic, multifactor productiveness growth …
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