Durable-Goods Orders Posting A Solid Recovery

– September 25, 2020

“Manufacturers’ new orders for durable goods rose in August, but the uneven pace of recovery in many areas of the economy is raising concern about the durability of the recovery.” – Robert Hughes

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Housing Remains a Bright Spot for the Economy

– September 24, 2020

“The housing market has become a bright spot for the economy, supported by low interest rates and rising demand as urbanites move to less dense living areas.” – Robert Hughes

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Initial Claims for Unemployment Benefits Remain Stubbornly High

– September 24, 2020

“Initial claims for unemployment benefits remain very high, suggesting a slow and uneven economic recovery.” – Robert Hughes

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Household Net Worth Hits A Record While Government and Corporate Debt Pile Up

– September 23, 2020

“Despite the pandemic, restrictive government policies, and recession, household net worth rebounded to a new record but excessive debt in other sectors is a risk.” – Robert Hughes

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Single-Family Housing Permits Hit a Multi-Year High

– September 17, 2020

“Single-family housing is becoming one of the strongest areas of the economy, supported by low mortgage rates and rising demand as urbanites transition to less dense housing.” – Robert Hughes

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Total Unemployment Benefits Recipients Remain Near 30 Million

– September 17, 2020

“The number of unemployment benefits recipients remains very high, suggesting a slow labor market recovery and uncertain path for economic growth.” – Robert Hughes

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Retail Spending Rises in August But the Pace Slows

– September 16, 2020

“Retail sales posted another gain in August, but the pace is slowing; persistent uncertainty regarding Covid-19 and government policies remains a significant risk to future growth.” – Robert Hughes

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Energy and Vehicle Production Fall While Other Industries Continue to Rebound

– September 15, 2020

A manufacturing rebound continued in August, but recoveries vary widely across industries. Persistent uncertainty about Covid-19 and government policies continue to threaten the recovery.

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Total Unemployment Benefits Recipients Hovering Near 30 Million

– September 10, 2020

Initial and continuing claims for unemployment benefits remain very high, suggesting complete economic recovery may be a long way off.

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Job Openings Rise as Economy Reopens

– September 9, 2020

Private-sector job openings are recovering but labor market dynamics remain challenging for workers and small businesses alike.

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Payrolls Gains Decelerated Again, Sustaining Concerns about Recovery

– September 4, 2020

More than 10 million payroll jobs remain lost following government shutdowns; while payrolls have been recovering somewhat, the outlook remains extremely uncertain.

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ISM Services Index Eases Back in August but Still Suggests Expansion

– September 3, 2020

The services sector expanded in August amid easing restrictions, but a lagging labor market recovery and inconsistent policy remain significant risks.

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