BI: Is China’s leading export to the US unemployment?

NYT: The case for a national infrastructure bank.

China’s economy grew 9.5% in the 2nd quarter. (The US estimate is 1.8%, by contrast.) (Bloomberg)  Chinese industrial output was up over 15% (Reuters).

Shop Floor: US manufacturing layoffs exceeded new hires in May.

WSJ: The wider US trade deficit lowers growth forecasts for the 2nd quarter.

Reuters: Some of the world’s most recognizable brands source products from polluting factories in China.

USAT: US clean technology jobs pay 20% better than the national average.

USAT: The Fed is worried about the economy, but will it act?

FT: China gets a key IMF post. Does this mean the IMF will mute criticism of China’s currency manipulation?

NYT: There are nearly 5 workers available for every job in the US.