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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Housing Permits Pick Up in May, Outlook Improving

– June 17, 2020

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

– June 16, 2020

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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retail sales

Easing Restrictions Helps Boost Retail Sales in May

– June 16, 2020

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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