BUSINESSBATON ROUGE BUSINESS REPORT
Roundup: Metal waste exports / Hiring slows / Mortgage demand
The U.S. will ban exports of lithium-ion battery scrap and tungsten waste for one year to strengthen domestic supply chains and reduce reliance on China. Private employers added 44,000 jobs in July, the lowest this year, with strong wage growth for job changers. Mortgage applications fell as rates hit 6.81%, the highest in over a year, though rates have since declined.
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Adjacent reporting
- Roundup: Atomic waste / Consumer confidence / Visa cuts 2,600 jobs
- US hiring slows in what economists are calling a ‘low-momentum’ labor market
- America In Focus: consumers still gloomy about economy; US hiring falls in June
- US filings for jobless benefits rise to 197,000 last week, but layoffs remain historically low
- America In Focus: US job market is rebounding, but economic frustration persists
- America In Focus: consumers still gloomy about economy; US hiring falls in June