The Bureau of Labor Statistics said this week that the 800,000 workers who were dismissed or asked to work without pay by January 25 are counted as employees in the founding survey, giving the total number of employees.
But the 380,000 people who were laid off – those who did not work and were not paid during downtime – are considered unemployed in the household survey used to calculate the unemployment rate.
There was a year-low at the end of January, suggesting that only a few of the approximately 4 million workers who depend on federal contracts have lost their jobs. However, the latest weekly jobless claims have reached their highest level since September 2017.
It's a lot to unravel. Economists polled by Refinitiv estimated that employers created 1
. 2 Trump's Trade Optimism: President Donald Trump was optimistic when another round of trade talks between the United States and China ended on Thursday, saying that a comprehensive deal was possible.
Trump, however, said he was ready to adopt new sanctions Existing increase if no deal is made. And he proposed to negotiate a handshake deal instead of a firmer deal that could extend the negotiations beyond the end of the month, even though the White House later claimed that March 1 was a "hard deadline".
Asked at the Oval Office, where he met with China's top negotiator, whether a deal was possible, Trump said he was not sure.
"We'll have to put that down someday, if we agree," said the President, who said President on some points, "We disagree … but I think we'll agree."
3. Issues in China: The latest purchasing managers index survey, conducted by Caixin Media Group and market research firm Markit, fell to 48.3 in January.
This is the lowest level of the strictly observed index since February 2016. It coincides with a weak position Production data for January across Asia raised fears of a global economic slowdown.
"With the slowdown in global growth and the lagged effects of slower credit growth, the Chinese economy is likely to continue to weaken in the coming months," said Shilan Shah, senior economist at Capital Economics.
4. Deutsche Bank doubts: Germany's largest bank achieved the first annual profit since 2014 on Friday, but weak performance in the fourth quarter raises questions about its strategy.
The lender's shares fell by 2% in Frankfurt.
Christian Sewing, Chief Executive Officer of Deutsche Bank, reduces costs and reduces the number of employees in the course of an overhaul. Analysts believe, however, that the bank could soon merge with another European lender.
Friday – Work Report; Exxon ( and ) Chevron ( Report the result )