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