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World 07 Oct 2020 | 1:21 AM

U.S. trade deficit in August widens to 14-year high

WASHINGTON, Oct. 6 (Xinhua) -- The overall U.S. trade deficit in August widened to the highest level in 14 years as imports rose faster than exports, the U.S. Commerce Department reported Tuesday.

World 05 Sep 2020 | 4:17 AM

Spotlight: U.S. labor market continues to recover, with momentum seemingly fading

WASHINGTON, Sept. 4 (Xinhua) -- The U.S. unemployment rate continued to drop in August, reflecting the slow recovery of the nation's pandemic-ravaged labor market. But analysts said the momentum seems to be fading, with an uncertain path hinging on the virus.