Economy of the United States

U.S. weekly jobless claims drop below one million; labor market still weak

The expiration of a $600 weekly jobless supplement at the end of July likely contributed to the decline in claims reported by the Labor Department on Thursday. Reports from payroll scheduling and workforce management firms suggested a decline in employment in early August due to the spread of new COVID-19 cases across the United States.

Turkey's current account posts $5.06 bln gap in April

Turkey's current account balance posted a $5.06 billion gap in April, widening from a $469 million deficit in the same month last year, the Turkish Central Bank announced on June 12.

According to the balance of payments figures released by the bank, the country's 12-month rolling deficit totaled $3.3 billion.

Romania's economy advances 2.4pct in Q1 2020 mainly on household consumption

The annual growth of Romania's economy in the first quarter of 2020 - 2.4% unadjusted and 2.7% when seasonally adjusted series, was mainly due to the household final consumption expenditure, which volume increased by 3.8%, contributing 2.5% to GDP growth, according to provisional data with the National Institute of Statistics (INS) released on Tuesday.

Trump Threatens to Deploy the US MiIitary if "Violent Protests" Continue

US President Donald Trump on Monday threatened to deploy the military if states failed to quickly quell the violent protests that have gripped the nation for six days, hours after the brother of George Floyd, a black man who died in police custody, called for peace.