Day: September 15, 2020

The most important economic question right now: Morning Brief

Tuesday, September 15, 2020

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How strong is the labor market?

As the third quarter nears its end, investors, workers, lawmakers, and central bankers are all pondering the next phase of this pandemic-induced economic cycle.

And one question more than any other sets a baseline for what happens next in the U.S. economy: how strong is the labor market?

Earlier this month, the August jobs report came in stronger than expected. Nonfarm payrolls grew by more than 1.3 million. The unemployment rate fell

Chinese companies now invest nearly half of what they invested 3 years ago in India, reveals FinMin

The outflow to China from India has also decreased in recent years, however, it caught some pace in the last few months.

Investment by Chinese companies into India has nearly halved in the last three years, much before India raged a trade war against China earlier this year. The total FDI inflow from Chinese companies stood at $350.22 million in FY 2017-18, which fell to $229 million in FY 2018-19 and had a freefall to $163.77 million in FY 2019-20, according to the data provided by Anurag Singh Thakur, MoS, Ministry of Finance, in a reply to a question in

After listing 50k kiranas, Flipkart to hire 70k delivery executives, packers, sorters this festive season

The annual online sale by Flipkart usually coincides with Amazon’s Great Indian Festival Sale. Image: Reuters

Walmart-owned Flipkart has said that its biggest annual sale event The Big Billion Days will help create more than “70,000 direct and lakhs of indirect seasonal jobs.” The direct jobs will come up in areas including the company’s supply chain involving delivery executives, pickers, packers and sorters while the indirect jobs will be created at Flipkart’s seller partner locations and kiranas. “This will be further supplemented by job creation in ancillary industries including vendor locations, and freight partners,” Flipkart said in a statement on