A Glimmer of Hope Amid Economic Devastation

– May 13, 2020

Small-business confidence fell again in April as sales expectations plunged, but the hopes for an economic rebound rose.

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Recession

Massive Job Loss Sends Unemployment Rate to Highest Since the Great Depression

– May 8, 2020

More than 20 million U.S. jobs were lost in April, and with record-shattering initial claims suggesting more job losses to come, a U.S. recession is a near certainty.

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Initial Claims

New Unemployment Claims Continue to Slow but Remain Enormous

– May 7, 2020

The labor market and economic activity in general continues to be crushed by the unprecedented impact of the COVID-19 outbreak.

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auto sales

April Unit-Auto Sales Running at Just Half the Recent Pace

– May 7, 2020

Auto sales plunged again in April providing more evidence of the dramatic impact of COVID-19 and supporting the near-certainty that the U.S. has entered recession.

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ISM NMI

ISM Nonmanufacturing Survey Drops Well into Recessionary Territory in April

– May 5, 2020

The nonmanufacturing sector contracted in April for the first time since 2009 and continues the tsunami of disastrous economic data since the outbreak of COVID-19.

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Manufacturing Sector Plummets in April

– May 1, 2020

The ISM PMI dropped again in April with many components plunging to multi-year or record lows.

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Cumulative Job Losses Show Labor Market Devastation

– April 30, 2020

The unprecedented economic impact of the COVID-19 outbreak continues to crush the labor market and distort economic activity.

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U.S. Economy Declines at the Fastest Pace Since 2008

– April 29, 2020

The outbreak of COVID-19 and government responses have crushed the labor market and sent economic activity plunging. Expect a tsunami of negative economic data to continue for the next few months.

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Initial Claims

Consumer Optimism Continued to Plunge in April

– April 28, 2020

Consumer attitudes deteriorated sharply in April and are likely to show heightened volatility in coming months amid a weak economy and damaged labor market.

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Nondefense Capital-Goods Orders Excluding Aircraft Remain in a Flat Trend

– April 24, 2020

Core capital-goods orders remain in a flat trend, but ongoing restrictions on business activity will likely result in distorted economic data for several more months.

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Struggling Economy Sends Consumer Sentiment Tumbling Again in April

– April 24, 2020

The unprecedented economic impact of the COVID-19 outbreak is distorting economic activity, crushing the labor market, and pummeling consumer sentiment.

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Massive Job Losses Continue but The Pace Slows

– April 23, 2020

The unprecedented economic impact of the COVID-19 outbreak continues to crush the labor market and distort economic activity.

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