- United Parcel Service, Inc. (NYSE: UPS) revenue rose over five per cent YoY in Q2 FY22.
- 3M Company (NYSE: MMM) had updated its sales outlook for fiscal 2022, citing the impact of the strong US dollar.
- Republic Services, Inc. (NYSE: RSG) revenue increased by over 21 per cent YoY in Q2 FY22.
The Labor Department reported strong job data on Friday, August 5. It said that the total nonfarm payroll employment increased by 528,000 in the prior month, bouncing back to its pre-pandemic level. The unemployment rate fell to 3.5 per cent.
The data indicated that the businesses are on track with their hiring despite the previous week's data showing that the US GDP had retreated for the year's first two quarters. According to Commerce Department's data last week, US GDP fell by 0.9 per cent annually, following a slump of 1.6 per cent in the starting quarter of the year.