Housing Permits Pick Up in May, Outlook Improving
Housing starts were mixed in May, but permits were broadly higher, supported by easing lockdown restrictions, low mortgage rates, and rebounding builder confidence.
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Manufacturing Activity Increases in May
Easing of lockdown policies in May is aiding in the reversal of some of the economic carnage from March and April.
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Easing Restrictions Helps Boost Retail Sales in May
Retail sales posted a surge in May, coming out of the policy-induced economic coma but a full return to pre-pandemic conditions is likely months, and possibly quarters, away.
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Improving Job Market Pushes Consumer Sentiment Up Again in Early June
Consumer attitudes are improving along with the labor market, but significant concerns regarding the outlook remain.
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Labor Market on the Mend as Lockdowns Ease
Continued slowing of initial claims and a drop in unemployment are among the signs the economy may be bottoming and setting the stage for recovery.
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More Glimmers of Hope As Recession Becomes Official
A rebound in small-business confidence and possible stabilization in retail spending as restrictions are lifted provide hope for a quick end to the newly declared recession of 2020.
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Labor Market Rebounds as Private Payrolls Jump by 3 Million, Unemployment Rate Drops
More than 3 million private U.S. jobs were recovered in May, providing hope that the economy may already be bottoming, setting the stage for growth in the near future.
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Unit-Auto Sales Stage Partial Rebound Following A Two-Month Plunge
Auto sales partially rebounded in May following a two-month plunge. Some areas of the economy may be bottoming, setting the stage for growth later in the year.
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Initial Unemployment Claims Continue to Fall
Continued slowing of initial claims may be a sign the economy is bottoming and setting the stage for growth later in the year.
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Signs of Improvement in the ISM Nonmanufacturing Survey in May
The nonmanufacturing sector contracted at a slower pace in May amid easing restrictions and rising optimism for a rebound.
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Manufacturing Survey Less Negative in May
The ISM Manufacturing survey showed some improvement in May with several components rebounding from multi-year or record lows.
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Manufacturers’ New Orders Posted Widespread Declines in April
Manufacturers’ new orders tumbled in April on broad-based declines but as government restrictions are eased, signs of healing are likely to emerge.
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