Consumers brought in less than expected in July as a decline in car sales helped cool an economy struggling to shake off the effects of the coronavirus pandemic. Retail sales rose 1.2% in 1.2 months, against the expected increase of 2.3% in economists surveyed by Dow Jones. However, the news …
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Unemployment insurance claims fell below $ 1 million last week for the first time since March 21 in a sign that the labor market is continuing its recovery from the coronavirus pandemic. The total claims of 963,000 for the week ended August 8 were well below the estimate of 1.1 …
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US consumer spending increased for the second consecutive month in June, setting consumption for a rebound in the third quarter, although the recovery could be limited by a resurgence in the Covid-19 cases and the end of expanded unemployment benefits. The Commerce Department said on Friday that consumer spending, which …
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The number of Americans filing new claims for unemployment benefits last week totaled 1,434 million, the Labor Department reported Thursday, roughly in line with expectations, as the coronavirus pandemic continues to devastate the U.S. economy. It was the nineteenth consecutive week in which initial claims totaled at least 1 million …
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The US economy experienced the largest decline in activity it has ever seen in the second quarter, although it was not as bad as feared. Gross domestic product from April to June fell 32.9%, according to the Commerce Department’s first reading of data released Thursday. Economists surveyed by Dow Jones …
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