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Biden Will Need to Wait Longer for a U.S. Jobs Rebound: Eco Week

Biden Will Need to Wait Longer for a U.S. Jobs Rebound: Eco Week
Bloomberg
2/28/2021
Olivia Rockeman
(Bloomberg) The first full month of Joe Biden’s presidency of the U.S. looks likely to have featured limited progress for the labor market as the coronavirus kept a lid on growth.
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Economists surveyed before data on Friday anticipate an increase in the unemployment rate to 6.4%, with a tally of about 180,000 new jobs. Private payrolls will be watched closely after pandemic-related restrictions eased in many states in recent weeks, likely allowing for increased hiring at service businesses like restaurants. ....

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A Global Sugar Binge Has Surprised Even the World's Top Traders

A Global Sugar Binge Has Surprised Even the World’s Top Traders
Bloomberg
1/23/2021
(Bloomberg) Even with restaurants, cinemas and stadiums shut, people kept binging on sugar.
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A home-baking frenzy, stimulus checks and stockpiling all meant that global demand fared quite well last season, proving wrong some of the world’s top sugar traders. What’s more, consumption is set to rebound to a record in the year that began in October, according to Tom McNeill, a director at Brisbane, Australia-based researcher Green Pool Commodity Specialists.
That’s a stark turnaround from the early phases of the coronavirus crisis, when lockdowns from Paris to Los Angeles hit sales of everything from softs drinks to chocolate. People have now adapted to pandemic life, government handouts in places like the U.S. and Brazil kept consumers shopping and importing nations in Asia stockpiled to ensure supplies in case of shipping disruptions. ....

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