By , (Reuters) - The U.S. economy appears set to leave other developed markets in the dust this year with the largest annual growth spurt in decades, new Federal Reserve forecasts indicate, but that divergence is not worrying to the central bank’s top official.If anything, Fed Chair Jerome Powell sees a greater likelihood the strong U.S. rebound from the coronavirus pandemic will help jump-start countries still struggling to find their footing, such as Europe, rather than those weak showings overseas impeding the domestic recovery.“U.S. demand, very strong U.S. demand, as the economy...…By , (Reuters) - The U.S. economy appears set to leave other developed markets in the dust this year with the largest annual growth spurt in decades, new Federal Reserve forecasts indicate, but that divergence is not worrying to the central bank’s top official.If anything, Fed Chair Jerome Powell sees a greater likelihood the strong U.S. rebound from the coronavirus pandemic will help jump-start countries still struggling to find their footing, such as Europe, rather than those weak showings overseas impeding the domestic recovery.“U.S. demand, very strong U.S. demand, as the economy...WW…

Fewer Americans sought unemployment benefits last week, but the modest drop did little to dispel concerns that the U.S. job market and wider economy face an arduous recovery from the devastation inflicted by the coronavirus pandemic in 2020.The final major economic data point for a year that saw a recession of historic magnitude erupt out of nowhere stood as a fitting reminder for both how far the recovery has progressed and how much more it has to go.While new claims for benefits reported by the U.S. Labour Department on Thursday dropped for the second week in a row to a seasonally...…Fewer Americans sought unemployment benefits last week, but the modest drop did little to dispel concerns that the U.S. job market and wider economy face an arduous recovery from the devastation inflicted by the coronavirus pandemic in 2020.The final major economic data point for a year that saw a recession of historic magnitude erupt out of nowhere stood as a fitting reminder for both how far the recovery has progressed and how much more it has to go.While new claims for benefits reported by the U.S. Labour Department on Thursday dropped for the second week in a row to a seasonally...WW…

By (Reuters) - Friday’s big monthly U.S. payrolls report was a big disappointment, with roughly half the number of jobs created in November as were forecast by economists in a Reuters poll.But the troublesome signs for the labor market were hardly limited to the underwhelming headline number, which showed the weakest job growth since the recovery began from the swoon induced by the COVID-19 outbreak earlier this year.Here are five worrying factors in the report:The report is fueled by two surveys - one of U.S. businesses and one of American households. The so-called “establishment” data on...…By (Reuters) - Friday’s big monthly U.S. payrolls report was a big disappointment, with roughly half the number of jobs created in November as were forecast by economists in a Reuters poll.But the troublesome signs for the labor market were hardly limited to the underwhelming headline number, which showed the weakest job growth since the recovery began from the swoon induced by the COVID-19 outbreak earlier this year.Here are five worrying factors in the report:The report is fueled by two surveys - one of U.S. businesses and one of American households. The so-called “establishment” data on...WW…