Breaking News: Economy
US Producer Prices Tumble In April
AMERICA - Published date: .
U.S. producer prices fell more than expected in April, leading to the largest annual decline since 2015. Read more
A Record 20.5 Million Jobs Were Lost In April As Unemployment Rate Jumps To 14.7%
AMERICA - Published date: .
Both numbers easily smashed post-World War II era records and help reflect the profound damage done through efforts used... Read more
US Private Payrolls Drop By 20.2 Million In April, The Worst Job Loss In The History Of ADP Report
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Private payrolls hemorrhaged more than 20 million jobs in April as companies sliced workers amid a shutdown that took mo... Read more
Fed Vice Chair Clarida Says More Support May Be Needed, But Economy To Rebound Next Quarter
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"More policy support will be needed from the Fed and possibly also fiscal policy. It just depends on how this evolves," ... Read more
Consumer Debt Hits New Record Of $14.3 Trillion
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Household debt balances through March totaled $14.3 trillion, a 1.1% increase from the previous quarter and now $1.6 tri... Read more
US Weekly Jobless Claims Hit 3.84 Million, Topping 30 Million Over The Last 6 Weeks
AMERICA - Published date: .
Jobless claims for the week ended April 25 came in at the lowest level in a month but bring the rolling six-week total t... Read more
Fed Pledges To Keep Rates Near Zero Until Full Employment, Inflation Come Back
AMERICA - Published date: .
The Federal Reserve painted a dour picture of current conditions and pledged Wednesday to continue its historically aggr... Read more
Pending Home Sales Tank Nearly 21% In March, But Realtors Claim Prices Will Hold Up
AMERICA - Published date: .
Home sales took a deep dive in March as the coronavirus pandemic shut down much of the economy, and homebuyers and selle... Read more
US GDP Shrank 4.8% In The First Quarter Amid Biggest Contraction Since The Financial Crisis
AMERICA - Published date: .
This marked the first negative GDP reading since the 1.1% decline in the first quarter of 2014 and the worst level since... Read more
Home Prices Were Gaining Serious Strength Just Before Coronavirus, Up 4.2% Annually, Case-Shiller Says
AMERICA - Published date: .
Home prices were not only gaining in February, the gains were increasing steadily. The expectation, however, is that pri... Read more
US Core Capital Goods Orders Unexpectedly Rise In March, While Durable Goods Orders Plunge 14.4%
AMERICA - Published date: .
U.S. orders for long-lasting factory goods were expected to drop 11.9% in March as the Covid-19 outbreak took hold. Dura... Read more
US Weekly Jobless Claims Hit 4.4 Million, Bringing 5-week Total To More Than 26 Million
AMERICA - Published date: .
The number represented a decline of 810,000 from the previous week, but the five-week total has now surpassed all of the... Read more
A 'U,' A 'V' Or Maybe A Nike Swoosh? Economists Try To Predict What A Recovery Will Look Like
AMERICA - Published date: .
As data points come in, they'll largely tell a story about the present and the near past. What they won't provide, at le... Read more
New York Fed President Williams Says The Economy Won't Be Back To 'full Strength' By End Of 2020
AMERICA - Published date: .
Areas such as construction should be the first to come back, John Williams told CNBC. Read more
Weekly Jobless Claims Hit 5.245 Million, Raising Monthly Loss To 22 Million Due To Coronavirus
AMERICA - Published date: .
The most recent count represented a drop from the previous two weeks but still showed that the damage to the U.S. labor ... Read more
US Home Construction Collapsed 22.3% In March
AMERICA - Published date: .
U.S. homebuilding fell more than expected in March as the Covid-19 outbreak slammed the housing industry, despite lower ... Read more
The Fed's Main Street Problem: Worries Rise That Money Won't Go Where It's Most Needed
AMERICA - Published date: .
It wasn't supposed to work like this: The Federal Reserve was not going to have to come back and rescue the economy the ... Read more
Fed Beige Book Says Economy Contracted 'sharply And Abruptly' Due To Coronavirus
AMERICA - Published date: .
Economic activity has fallen sharply due to measures taken during the coronavirus scare, with leisure and hospitality as... Read more
Homebuilder Confidence Index Takes Biggest Monthly Dive Ever As Coronavirus Slams Economy
AMERICA - Published date: .
This month's HMI survey was conducted from April 1 to April 13, after millions of Americans had been issued orders to st... Read more
New York Manufacturing Hits Record Low Reading Of -78.2 Amid Coronavirus Collapse
AMERICA - Published date: .
The Empire State Manufacturing Index for April plunged to -78.2, more than twice as bad as expected and more than double... Read more