Unemployment Dips to 8.4%, Job Gains Slow
The slowing job growth is “a warning that the recovery could go into reverse this fall without further government support.”
July Jump in Prices Eases Disinflation Fears
Core inflation rose 0.6% last month, the largest gain since January 1991, as the disinflationary impact of the coronavirus continued to wear off.
U.S. Job Gains Slow to 1.8M in July
"The downturn was so big — the hole that was dug was so deep — that it will still take probably at least a couple of years to dig ourselves out."
Another 2.4M Workers File First-Time Jobless Claims
"The states may be opening back up, but the labor market is still closed for millions across America."
Core Inflation Posts Record 0.4% Drop in April
The coronavirus crisis drove consumer prices into "a disinflationary shock" last month despite government efforts to stimulate the economy.
Virus Slams U.S. With Massive April Job Losses
“The jobs report from hell is here — one never seen before and unlikely to be seen again barring another pandemic or meteor hitting the earth."
Jobless Claims Hit Record 22M Over Four Weeks
Weekly claims since the coronavirus shut down the economy now exceed the number of jobs added since the Great Recession.
U.S. Consumer Prices Tumble 0.4% in March
“Deflation is likely to take hold over the next few months as businesses slash prices in response to much lower demand from the coronavirus outbreak."
Weekly Jobless Claims Soar to Record 6.64M
Job losses amid the coronavirus pandemic amount to "a staggering, sudden blow to American workers never seen before in the U.S. economy."
U.S. Producer Prices Fall 0.6% in February
"The disinflationary impact from the [coronavirus] and the crash in oil prices will exert even more downward pressure on prices."
U.S. Productivity Grows at Revised 1.2% Rate in Q4
After the third-quarter contraction, “There is hope that the recent slight productivity uptick may lead to better results in the future."