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Consumer confidence jumps to 3-month high, but still well below precrisis levels

Consumer confidence rose in June to a three-month high as a reopening economy buoyed the spirits of Americans, but a recent spike in coronavirus cases could dampen any optimism unless it’s brought under control soon.

by Jeffry Bartash
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亚游真人官方网站home price gains remained steady in April as the coronavirus swept across the country, Case-Shiller index shows

亚游真人官方网站home prices have remained stable even as the pandemic has roiled local economies.

by Jacob Passy
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Pending 亚游真人官方网站home sales staged a historic rebound in May, meaning the worst may have already come for the real-estate market

Contract signings rose by the largest percentage ever between April and May.

by Jacob Passy
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Consumer sentiment slips in late June as confidence in U.S. economic policies slumps to Trump-era low

Americans turned slightly more cautious in late June about how quickly the economy will recover from the coronavirus as confidence in Washington’s policies fell to the lowest level during the Trump presidency

by Jeffry Bartash
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Consumer spending jumps record 8.2% in May as economy reopens, unemployment benefits surge

Consumer spending leaped a record 8.2% in May to mark the first increase since the coronavirus pandemic drubbed the economy, but fading government stimulus payments, still-high unemployment and a fresh viral outbreak are l...

by Jeffry Bartash
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U.S. durable-goods orders rebound 15.8% in May, but manufacturers face long struggle

Orders for durable goods such as new cars and trucks surged in May after historic declines in the early spring when the U.S. was locked down, but manufacturers are likely to struggle to make a more rapid recovery amid a fr...

by Jeffry Bartash
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Jobless claims dip to 1.48 million, but slow decline signals choppy economic recovery

New applications for traditional jobless benefits fell slightly last week to 1.48 million, but they remain stubbornly high three months after the start of the coronavirus pandemic and signal that a fledging economic recove...

by Jeffry Bartash
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Another 1.38 million new jobless claims predicted. Why aren’t they falling faster?

The number of Americans applying for unemployment benefits each week is still shockingly high if the government’s math adds up, but some economists are starting to wonder.

by Jeffry Bartash
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亚游真人官方网站home prices continued to rise even as the coronavirus pandemic swept across America, FHFA says

‘It’s likely housing will feel the broader economy’s downturn eventually,’ one economist says.

by Jacob Passy
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U.S. economic downturn losing steam, flash June PMI data show

The flash U.S. services and manufacturing PMIs hit 4-month highs in June, showing the economic downturn is slowing as businesses reopen, IHS Markit said Tuesday.

by Greg Robb
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New 亚游真人官方网站home sales surged in May as buyers scrambled to find properties for purchase

April’s new-亚游真人官方网站home sales figures, meanwhile, saw a significant downward revision.

by Jacob Passy
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Existing-亚游真人官方网站home sales drop in May, but signs point to a big rebound in the real-estate market this summer

‘The leading indicators for 亚游真人官方网站home sales are soaring.’

by Jacob Passy
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Chicago Fed economic index rebounds in May

The Chicago Fed’s national activity index rebounded to 2.61 in May from negative 17.89 in the prior month, suggesting a return of economic growth.

by Greg Robb
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Unemployment rate falls in 43 states in May, but still tops 20% in Nevada, Michigan and Hawaii

The unemployment rate fell in 43 states and Washington, D.C. in May as the economy began to reopen and more employees returned to their jobs, but the number of people not working still stood near record highs and was parti...

by Jeffry Bartash
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Jobless claims dip to 1.51 million in mid-June, but layoffs remain stubbornly high

About 1.5 million people applied for traditional jobless benefits in mid-June, but the high number of people still seeking or receiving financial aid suggests a fresh wave of layoffs may be crashing over the economy and st...

by Jeffry Bartash
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Philly Fed manufacturing index shows signs of improvement in June

The Philadelphia Fed’s regional business conditions index rose to 27.5 in June from negative 43.1 in May.

by Greg Robb
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Jobless claims set to top 1 million again, but what’s worse is the agonizingly slow decline in people getting unemployment benefits

New applications for unemployment benefits filed during the coronavirus pandemic are likely to top 48 million in mid-June, but such shocking numbers don’t tell us as much anymore about the health of U.S. labor market. Here...

by Jeffry Bartash
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Housing starts climb 4.3% in May as buyers return and builders aim to speed up work

U.S. construction of new houses rose 4.3% in May as a reopening U.S. economy and low mortgage rates drew more buyers and encouraged builders to speed up work.

by Jeffry Bartash
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Retail sales surge a record 17.7% in May, but coronavirus wounds still visible

Sales at U.S. retailers roared back in May as the economy started to reopen following record declines in the prior two months triggered by the coronavirus.

by Jeffry Bartash
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The stunning retail-sales surge in May is great news, but don’t expect a repeat

The end of the coronavirus pandemic lockdowns sent Americans back out in droves to their favorite stores in May, delivering a record 17.7% spike in retail sales that astonished Wall Street. Yet the big question is this: C...

by Jeffry Bartash
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Industrial production edges up in May

U.S. industrial production rises by 1.4% in May, as many factories resume operations after shutdowns spurred by the coronavirus pandemic, the Federal Reserve says Tuesday

by Victor Reklaitis
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Empire State index shows stable conditions in June after two months of record declines

The New York Fed’s Empire State business conditions index jumped 48 points to just below a steady reading in June, the regional Fed bank said Monday.

by Greg Robb
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Consumer sentiment climbs again in June as reopening U.S. economy eases worries

The step-by-step reopening of the economy and the increase in the number of people returning to work buoyed the spirits of U.S. households in early June, according to a closely followed survey of consumer sentiment.The pre...

by Jeffry Bartash
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U.S. import prices climb in May on higher oil costs, signaling end of coronavirus-induced deflation

The cost of goods imported into the U.S. rose in May for the first time since the coronavirus throttled the economy, reflecting a rebound in oil prices and signaling that a bout of deflation after the pandemic may be comin...

by Jeffry Bartash
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U.S. debt surged in first quarter, Fed data show

U.S. household and business debt surged in the first quarter, according to data from the Federal Reserve released on Thursday.

by Greg Robb