ISM Services Index Eases Back in August but Still Suggests Expansion

– September 3, 2020

The services sector expanded in August amid easing restrictions, but a lagging labor market recovery and inconsistent policy remain significant risks.

READ MORE

Initial Claims for Unemployment Benefits Decline Slightly but Remain Very High

– September 3, 2020

Initial claims for unemployment benefits dipped in the latest week but continuing claims remain very high, suggesting complete economic recovery may be a long way off.

READ MORE

Progress for Jobs Recovery May Be Slowing

– September 2, 2020

ADP estimates 428,000 new jobs were created in August, which would leave the unemployment rate elevated and the path to recovery highly uncertain.

READ MORE

Light-Vehicle Sales Top 15-million Annualized Rate in August

– September 2, 2020

Auto sales continued to rebound in August from the policy-induced record plunge during lockdowns but remain below the prior range.

READ MORE

Manufacturing Sector Recovery Continued in August

– September 1, 2020

The ISM Manufacturing survey suggests activity continues to recover from the dramatic lockdown-related plunge, but the survey also suggests labor dynamics remain weak.

READ MORE

Existing-Home Sales Surge in July, Extending Sharp Recovery

– August 21, 2020

Existing-home sales jumped again in July, making housing a bright spot for the economy, but the outlook remains highly uncertain.

READ MORE

Initial Claims for Unemployment Benefits Rise as Restrictions Sustain Uncertainty

– August 20, 2020

Initial claims for unemployment benefits rose in the latest week and unemployment remains very high, suggesting complete economic recovery may be a long way off.

READ MORE

Home Construction Fully Recovers from COVID-19

– August 18, 2020

Housing starts and permits rose in July. The outlook is supported by easing lockdown restrictions, low mortgage rates, and rebounding builder confidence but demand remains uncertain.

READ MORE

Pandemic Lockdown Distortions: Manufacturing Pulls Back While Housing Gains

– August 17, 2020

Distortions to economic activity are becoming more differentiated as lockdowns are partially eased and consumers adjust to current conditions.

READ MORE

Lack of Confidence in Government Stifles Consumer Sentiment Recovery

– August 14, 2020

Policy uncertainty is smothering the recovery in consumer sentiment, putting the economic rebound at risk.

READ MORE

Manufacturing Activity Remains Well Below Pre-Lockdown Levels

– August 14, 2020

A manufacturing rebound continued in July, but activity remains well below pre-lockdown levels. Heightened uncertainty about COVID-19 and future government policies threaten the recovery.

READ MORE

Retail Spending Hits New High in July but Gains Are Not Consistent Among Categories

– August 14, 2020

Retail sales rose to a new high in July, recovering from the policy-induced economic coma but rising uncertainty is a significant risk to future growth.

READ MORE