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."
Media to Go Tech-Free in Data Release ‘Lockups’
The Trump administration says reporters' use of computers in secure lockup rooms can give high-speed traders a "head start" on market-moving news.
U.S. Job Growth Slows Unexpectedly to 145,000
“We had relatively strong and steady job growth over the year despite a number of headwinds," an economist says.