Manufacturing Activity Increases for A Second Month but Full Recovery Still Far Off

– July 15, 2020

Easing of lockdown policies in May and June is helping the economy on the path to recovery but surging new COVID-19 cases and deaths could derail the progress.

READ MORE

Total Unemployment and Weekly New Unemployment Insurance Claims Are Falling

– July 9, 2020

Labor market signs point to a nearing end to the policy-induced recession of 2020 but surging new COVID-19 cases could crush the budding recovery.

READ MORE

ISM Nonmanufacturing Index Posts Record Gain in June

– July 6, 2020

The nonmanufacturing sector expanded in June amid easing restrictions but surging new cases of COVID-19 and potential policy responses remain significant risks.

READ MORE

June Unit-Auto Sales Post a 13-million Annualized Rate

– July 6, 2020

Auto sales continued to rebound in June following a two-month plunge during lockdowns but remain well below the prior range.

READ MORE

Labor Market Recovery Continued in June but Surging COVID-19 Cases Raises Uncertainty

– July 2, 2020

Nearly 5 million private U.S. jobs were recovered in June; however, surging new COVID-19 cases are threatening the recovery.

READ MORE

Manufacturing Sector Starting to Grow Again

– July 1, 2020

The ISM Manufacturing survey showed significant improvement in June with several components posting record monthly rates of gains.

READ MORE

Consumer Optimism Extends Rebound in June, But Outlook Remains Uncertain

– June 30, 2020

Consumer attitudes improved somewhat in June, but resurging COVID-19 cases is sustaining doubts and increasing the uncertainty for the economic outlook.

READ MORE

New Outbreaks Are Causing Regional Disparities in Consumer Sentiment

– June 26, 2020

Consumer attitudes are improving along with the easing restrictions, but significant concerns regarding the outlook remain, especially with regard to new outbreaks in some states.

READ MORE

Easing Restrictions Helped Boost Wages in May

– June 26, 2020

Consumer spending rebounded in May as lockdown policies eased but massive distortions to economic activity continue.

READ MORE

Manufacturers’ New Durable-Goods Orders Rebound in May

– June 25, 2020

Manufacturers’ new orders for durable goods partially rebounded in May showing that as government restrictions are eased, economic growth is likely to re-emerge.

READ MORE

Reopening is Helping Drive Initial Unemployment Claims Lower

– June 25, 2020

Reopening of the economy should help bring an end to the policy-induced recession of 2020 but the damage has been severe.

READ MORE

Easing Lockdowns Slow Initial Claims but Cumulative Claims Top 45 Million

– June 18, 2020

The policy-induced recession of 2020 has resulted in more than 45 million jobs lost. As lockdown restrictions ease, signs of bottoming and recovery are starting to emerge.

READ MORE