Consumer Sentiment Collapses Amid Massive Job Loss

– April 9, 2020

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

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NFIB

Historic Drop in Small-Business Optimism As COVID-19 Spreads

– April 8, 2020

Small-business confidence plunged in March as COVID-19 stifled expectations.

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auto sales

Auto Sales Plunge in March

– April 6, 2020

Auto sales plunged in March 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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Recession May Have Begun for the U.S. Economy

– April 3, 2020

U.S. nonfarm payrolls plunged by 701,000 jobs in March, 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

Unemployment Claims Surpass Great Recession

– April 2, 2020

The unprecedented economic impact of the COVID-19 outbreak is crushing the labor market.

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ISM PMI

Manufacturing-Sector Contracts in March; Recession Probability Rising

– April 1, 2020

The ISM PMI dropped below neutral in March suggesting a contraction in manufacturing and rising probability of recession.

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Consumer Confidence

COVID-19 Is Hurting Consumer Attitudes

– March 31, 2020

Consumer attitudes deteriorated sharply in March and are likely to show further declines in coming months as layoffs rise and economic activity plunges.

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Michigan Consumer Sentiment

Consumer Sentiment Fell in March with More Declines Likely

– March 27, 2020

Consumer sentiment fell sharply in March and is likely to show further declines in coming months as layoffs rise and the economy slows.

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Layoffs

Job Losses Show Unprecedented Surge

– March 26, 2020

The unprecedented economic impact of the COVID-19 outbreak is hitting economic statistics.

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Layoffs

Layoffs Expected to Surge

– March 23, 2020

The economic impact of the COVID-19 outbreak will likely be unprecedented.

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Initial claims

Initial Claims Jump and Manufacturing New Orders Fall

– March 19, 2020

Initial claims jumped and manufacturing new orders fell in the latest reports as the effects of the COVID-19 outbreak on economic activity spread.

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Housing starts

Falling Mortgage Rates May Support Housing Activity…Eventually

– March 18, 2020

Near-record low mortgage rates may provide some support for housing activity eventually. However, disruptions from COVID-19 are likely to dominate economic activity for March and the second quarter.

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