Consumer Spending Fell a Record 13.6% in April

U.S. consumer spending, the U.S. economy’s main engine, fell by a record 13.6% in April during coronavirus lockdowns, but there are signs that purchasing is…

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Easing Unemployment Claims Show Slower Pace of Coronavirus-Related Layoffs

U.S. workers filed fewer unemployment applications for the eighth straight week, but the level of claims remained 10 times higher than before the coronavirus pandemic.…

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U.S. Economy Contracted 5% in First Quarter, Slightly Steeper Than Initial Estimate

WASHINGTON—The U.S. economy’s first-quarter contraction was slightly steeper than initially estimated, and a key measure of corporate profits weakened as coronavirus-related shutdowns began to come…

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U.S. Home-Price Growth Accelerated in March

Home-price growth accelerated in March, even as home sales dropped after the coronavirus pandemic shut down economic activity in some regions. The S&P CoreLogic Case-Shiller…

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For Economy, Worst of Coronavirus Shutdowns May Be Over

For Economy, Worst of Coronavirus Shutdowns May Be Over Source link

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Summer Jobs Dry Up and Teens Face Highest Unemployment in Decades

Young Americans are having little luck finding summer jobs. Coronavirus outbreaks throughout the country have dried up many of the traditional opportunities that high school…

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State Jobless Rates for April Show Uneven Impact of Pandemic

The economic upheaval caused by the coronavirus pandemic had a devastating but uneven impact on the U.S. labor market last month, leaving more than one…

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