Stocks Rise After Better-than-expected Jobs Report To Close Out Winning Week
Stocks rose on Thursday following a better-than-expected U.S. jobs report as the economy tries to recover from the coron...
Read MoreRecord Jobs Gain Of 4.8 Million In June Smashes Expectations; Unemployment Rate Falls To 11.1%
Another big contributor to the decline of the jobless rate was a plunge in those on temporary layoff. That total fell by... Read more
17.6 Million Unemployed Americans Probably Won't Return To Their Pre-pandemic Jobs
The share of the workforce currently out of work with no reasonable chance of returning to their jobs is about 11%, or a... Read more
GM, Fiat Chrysler U.S. Auto Sales Tank In Second Quarter As Coronavirus Saps Demand
U.S. vehicle sales in the second quarter for General Motors, Toyota Motor and Fiat Chrysler plunged by more than 30% Read more
Mortgage Demand Falls For The Second Straight Week, Signaling A Potential Slowdown In The Housing Recovery
The surge in mortgage demand from homebuyers over the past two months appears to be waning, even as mortgage rates conti... Read more
Fed's Bullard Warns Of Financial Crisis Risks As Virus Cases Spike, FT Reports
St. Louis Federal Reserve Bank president James Bullard has warned that a growing number of bankruptcies due to the coron... Read more
June Private Payrolls Rose 2.37 Million And There Was A Big Positive Revision For May, ADP Says
Private payrolls grew by 2.369 million for the month, a bit lower than the 2.5 million expectation from economists surve... Read more
Economy's Second-half Comeback Is Now Threatened By Coronavirus Resurgence
Economists expect to see a bounceback in the second half of 2020, but the resurging virus threatens the strength of the ... Read more
Goldman Sachs Says A National Mask Mandate Could Slash Infections And Save Economy From A 5% Hit
A face mask mandate would not only cut the daily growth rate of new cases of Covid-19, but could also save the U.S. econ... Read more
U.S. Consumer Confidence For June Jumps More Than Expected
Consumer confidence rose more than expected in June as the U.S. loosened stay-at-home and quarantine restrictions, accor... Read more
Home Prices Heated Up In April, Despite Brief Sales Drop From Coronavirus, S&P Case-Shiller Says
Home prices strengthened in April, despite a national economic shutdown and a sharp drop in home sales due to the corona... Read more
Nearly Half The U.S. Population Is Without A Job, Showing How Far The Labor Recovery Has To Go
"To get the employment-to-population ratio back to where it was at its peak in 2000 we need to create 30 million jobs," ... Read more
Total Of Those Receiving Unemployment Benefits Falls Below 20 Million
Jobless claims totaled 1.48 million last week as unemployment related to the coronavirus pandemic remained stubbornly hi... Read more
U.S. GDP Fell At A 5% Rate In The First Quarter, And The Worse Is Likely On The Way
The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-mont... Read more
Homebuilders See Strongest May Sales In Over A Decade, But They Have A Big Problem
Sales of newly built homes jumped far more than expected in May, according to the U.S. Census. After slowing dramaticall... Read more