U.S. factory output continued to grow in August, according to a pair of surveys released Tuesday, but the picture for employment was mixed, a possible sign of lingering uncertainty about the coronavirus pandemic among American manufacturers. Sluggish employment, if sustained, could pose a threat to the recovery just as the economy is starting to pick up following several months of pandemic-related lockdowns. Other manufacturing powerhouses such as China and Germany also saw continued contraction in factory employment.

Source: Wall Street Journal September 01, 2020 10:41 UTC