Manufacturing Activity Plummets in April
Industrial production plunged as the tsunami of disastrous economic data continues. While some areas are moving towards easing restrictions, it will likely be a slow path back.
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Mixed Emotions for Consumers in Early May
Consumer attitudes are changing in somewhat unexpected ways as personal health, family finances, and social interactions are impacted by lockdown policies.
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Retail Sales Post Another Record Plunge in April
Retail sales posted another record decline in April and are likely to show significant weakness over the next several months.
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New Unemployment Claims Slowed Again, Dropping Below 3 Million
The labor market and the economy have been crushed by the unprecedented impact of the COVID-19 outbreak and government policy responses.
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A Glimmer of Hope Amid Economic Devastation
Small-business confidence fell again in April as sales expectations plunged, but the hopes for an economic rebound rose.
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Massive Job Loss Sends Unemployment Rate to Highest Since the Great Depression
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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New Unemployment Claims Continue to Slow but Remain Enormous
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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April Unit-Auto Sales Running at Just Half the Recent Pace
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 Nonmanufacturing Survey Drops Well into Recessionary Territory in April
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
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
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
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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