As business reopenings picked up nationwide, Americans filed nearly 2 million applications for unemployment benefits last week, reflecting a slowing — though far from a halt — in job losses.
Author: Reade Pickert
US Consumer Spending Plunges While Stimulus Boosts Incomes
U.S. consumer spending, which accounts for about two-thirds of the world’s largest economy, plunged in April by the most on record after the coronavirus pandemic halted purchases of all but the most essential goods and services.
US Consumer Spending Plunges While Stimulus Boosts Incomes
U.S. consumer spending, which accounts for about two-thirds of the world’s largest economy, plunged in April by the most on record after the coronavirus pandemic halted purchases of all but the most essential goods and services.
US Economy Hits Record Lows in April Retail, Factory Data
U.S. retail sales and factory output registered the steepest declines on record in April, illustrating a recession so deep that it likely will take years to fully recover.
US Trade Plummeted in March With Record Drop in Exports
U.S. exports of goods and services plunged in March by a record and imports declined by the most in 11 years as the coronavirus pandemic stymied trade and travel.
US Trade Plummeted in March With Record Drop in Exports
U.S. exports of goods and services plunged in March by a record and imports declined by the most in 11 years as the coronavirus pandemic stymied trade and travel.
Smaller Share of US Small Businesses Unable to Fill Positions
U.S. small businesses found it a little easier to fill jobs in December, consistent with a moderating, yet still-robust, labor market, National Federation of Independent Business data showed Jan. 9.
Consumer Spending Bump Offset by Inventories in Revised GDP
Americans’ spending grew by more than previously reported in the third quarter, a change offset by a drag in inventories that left economic growth at a still-healthy but unrevised 2.1%.
US Jobless Claims Slide but Miss Forecasts for Bigger Drop
Filings for U.S. unemployment benefits fell last week by the most since February but missed forecasts for a larger drop, potentially reflecting lingering seasonal-adjustment issues stemming from the late Thanksgiving holiday this year.
US Manufacturers Plan First Pullback in Investment Since 2009
U.S. manufacturers expect to reduce capital spending in 2020, a trend that could limit a rebound in the sector even as companies see profits improving.