LI job growth has slowed as the unemployed await promised $300 aid boost

Long Island reported anemic job growth last month as jobless residents and New Yorkers across the state waited anxiously for a boost of $300 in weekly unemployment payments to hit their bank accounts in the coming days.

In August, Long Island was still down 152,200 jobs from a year earlier, the state Labor Department reported Thursday, with a gain of 7,500 nonfarm jobs on a month-to-month basis. The monthly gain is well below the 17,800 jobs gained in July, and the pace of growth has slowed since the 78,000 new jobs reported in June.

“The overall pace of job growth on Long Island slowed,” said Shital Patel, labor market analyst in the Labor Department’s Hicksville office. “The large gains in jobs in May, June, and July reflect the phased reopening of the economy.”

Patel said that the slower job growth in August is likely due to businesses relying on smaller

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Services sector growth slows in August but still positive

WASHINGTON (AP) — Growth in the U.S. services sector, where most Americans work, slowed in August after big rebounds in June and July, indicating lingering problems stemming from the coronavirus pandemic.

The Institute for Supply Management reported Thursday that its index of activity in the services activity showed a reading of 56.9% in August, down 1.2 percentage-points from the July reading of 58.1.

Any reading above 50 indicates growth in the services sector. By that measure, the services sector has shown growth for three straight months after taking a big hit in the spring when the country shut down to combat the coronavirus.

Business activity and new orders continued to expand in August but at a slower pace than the July surge. The index measuring employment contracted for a sixth straight month, a sign of the millions of workers who have been laid off or furloughed in service industries such

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Yeahka Announces 2020 Interim Results, Technology-enabled Business Services Realized Rapid Growth in Revenue and its Customer Base

HONG KONG, Aug. 27, 2020 /PRNewswire/ — Yeahka Limited (“Yeahka” or the “Company”, Stock Code: 9923), the leading payment-based technology platform in China, is pleased to announce the unaudited consolidated results for the six months ended June 30, 2020 (the “Period” or the “Reporting Period”).

Mr. Luke Liu, Chairman of the Board, Chief Executive Officer and Executive Director of the Company, said: “In the first half of the year, the covid-19 Pandemic triggered offline merchants to jump-start their digitalization process and the demand for technology services among China’s small and micro sized merchants has been increasing rapidly. Guided by our mission to ‘continuously create value for merchants and consumers’, we focused on the needs of millions of small and micro merchants in China, using payment services as the entry point to strengthen our technology platforms, to provide merchants with comprehensive technology-enabled business services. We continued

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Yeahka Announces 2020 Interim Results, Technology-enabled Business Services Realized Rapid Growth in Revenue and its Customer Base, Business News

HONG KONG, Aug. 27, 2020 /PRNewswire/ — Yeahka Limited (“Yeahka” or the “Company”, Stock Code: 9923), the leading payment-based technology platform in China, is pleased to announce the unaudited consolidated results for the six months ended June 30, 2020 (the “Period” or the “Reporting Period”).

Mr. Luke Liu, Chairman of the Board, Chief Executive Officer and Executive Director of the Company, said: “In the first half of the year, the covid-19 Pandemic triggered offline merchants to jump-start their digitalization process and the demand for technology services among China’s small and micro sized merchants has been increasing rapidly. Guided by our mission to ‘continuously create value for merchants and consumers’, we focused on the needs of millions of small and micro merchants in China, using payment services as the entry point to strengthen our technology platforms, to provide merchants with comprehensive technology-enabled business services. We continued

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7 Growth Stocks Prepared for a Summer Surge

In terms of market volatility, this year is definitely one for the books. 2020 saw market movements that would normally take decades, compressed into a single year. With unemployment rates at their highest and businesses facing the risk of bankruptcy, the economy hit some new lows this year. However, a period of downturn also presents a unique opportunity for investors to load up on growth stocks to buy at a discounted price.

Historically speaking, a bear market in the S&P 500 was always replaced by a bull market rally in the years before Covid-19.

While it’s hard to remain optimistic in uncertain times, investors need to take a long-term approach when investing in stocks. Some companies are likely to emerge from the pandemic as losers. Others will come out of this stronger than ever.

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

Here are seven growth stocks that

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