Edition:
India

Lucia Mutikani

Coronavirus sinks U.S. consumer spending; savings hit record high

29 May 2020

WASHINGTON U.S. consumers cut spending by the most on record for the second straight month in April while boosting savings to an all-time high, and the growing frugality reinforced expectations the economy could take years to recover from the COVID-19 pandemic. | Video

U.S. weekly jobless claims drop, but economic recovery still elusive

28 May 2020

WASHINGTON The number of Americans seeking jobless benefits fell for an eighth straight week last week, likely as some people returned to work, but claims remained at astonishingly high levels, suggesting it could take the economy a while to rebound as businesses reopen. | Video

US-Wirtschaft bricht ein - Zwei Millionen Arbeitslose in einer Woche

28 May 2020

Washington In der Coronavirus-Krise steigt die Zahl der Erstanträge auf Arbeitslosenhilfe in den USA nicht mehr ganz so stark.

New wave of U.S. layoffs feared as coronavirus pain deepens

28 May 2020

WASHINGTON Job cuts by U.S. state and local governments whose budgets have been crushed fighting the COVID-19 pandemic and more second-wave layoffs in the private sector likely contributed last week to a 10th straight week of more than 2 million Americans seeking unemployment benefits.

U.S. consumer confidence stabilizes; new home sales surprise

26 May 2020

WASHINGTON U.S. consumer confidence nudged up in May, suggesting the worst of the novel coronavirus-driven economic slump was likely in the past as the country starts to reopen, but it could take a while for the economy to dig out of its hole amid record unemployment.

U.S. labour market struggles as layoffs spread despite businesses reopening

21 May 2020

WASHINGTON Millions more Americans filed for unemployment benefits last week, more than two months after a shutdown of the country to deal with the coronavirus crisis, pointing to a second wave of layoffs in industries not initially impacted by closures caused by the pandemic. | Video

WRAPUP 1-Backlogs, second wave of layoffs keeping U.S. weekly jobless claims high

21 May 2020

WASHINGTON, May 21 Millions more Americans likely filed for unemployment benefits last week as backlogs continue to be cleared and disruptions from the novel coronavirus unleash a second wave of layoffs, pointing to another month of staggering job losses in May.

Coronavirus hammers U.S. homebuilding; permits tumble

20 May 2020

WASHINGTON U.S. homebuilding dropped by the most on record in April and permits for future construction tumbled, underlining fears that the coronavirus crisis would lead to the deepest economic contraction in the second quarter since the Great Depression.

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