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World 03 Oct 2020 | 6:28 AM

Spotlight: U.S. labor market recovery slows in September, with more layoffs turning permanent

WASHINGTON, Oct. 2 (Xinhua) -- September saw the smallest hiring gains since the pandemic-ravaged labor market started to recover in May. With more layoffs turning permanent, the U.S. economy faces a long, bumpy road to full recovery.

World 01 Oct 2020 | 1:24 AM

Spotlight: U.S. economy contracts 31.4 pct in Q2, recovery path uncertain

WASHINGTON, Sept. 30 (Xinhua) -- The latest data released Wednesday showed that the U.S. economy contracted at an annual rate of 31.4 percent in the second quarter, with an uncertain path to recovery amid efforts to control the COVID-19 pandemic.

World 28 Sep 2020 | 2:02 AM

U.S. House speaker says there's chance to reach agreement on COVID-19 relief package

WASHINGTON, Sept. 27 (Xinhua) -- U.S. House Speaker Nancy Pelosi said on Sunday that there's a chance she and Treasury Secretary Steven Mnuchin could reach an agreement on the next COVID-19 relief package.