US industrial production up modest 0.4% in August
AP Economics Writer | Hagadone News Network | UPDATED 5 years, 3 months AGO
WASHINGTON (AP) — U.S. industrial production slowed to a modest increase of 0.4% in August, far weaker than the strong bounce back recorded in previous months when factories were coming back to life.
The slight increase reported Tuesday by the Federal Reserve followed gains of 3.5% in July and 6.1% in June, when the industrial sector knocked down by the pandemic began to rebound.
For August, manufacturing rose 1% but mining, which includes oil and gas exploration, fell 2.5%. Production at the nation's utilities was off 0.4%.
ARTICLES BY AP ECONOMICS WRITER
US layoffs still high, but so is skepticism on jobless data
WASHINGTON (AP) — The number of Americans seeking unemployment benefits dipped last week to a still-high 840,000, evidence that layoffs remain elevated seven months into the pandemic recession.
US layoffs still high, but so is skepticism on jobless data
WASHINGTON (AP) — The number of Americans seeking unemployment benefits dipped last week to a still-high 840,000, evidence that layoffs remain elevated seven months into the pandemic recession.
US layoffs still high, but so is skepticism on jobless data
WASHINGTON (AP) — The number of Americans seeking unemployment benefits dipped last week to a still-high 840,000, evidence that layoffs remain elevated seven months into the pandemic recession.