Home prices are up 4.9 percent compared with a year ago. In June, they rose a full one-percent as buyers rushed to escape the confines of the places where they spent the coronavirus lockdown.
Sales of durable goods and autos were particularly strong, showing no signs the recovery slowing.
All across Europe economies are in far deeper contractions than the U.S.
Another fake news anchor who cannot keep the facts straight on economic growth in the age of coronavirus.
MSNBC anchor Brian Williams bungled the math on GDP on Thursday night.
Consumer sentiment continued to slide downward in late July, with both the current conditions and expectations gauges declining.
The German economy suffered a record-breaking economic contraction in the second quarter as measures intended to stymie the coronavirus pandemic shuttered businesses and required consumers to stay home. The economy shrank at an annualized rate of 34.7 percent in the
Compared with a year ago, economic output was 9.2 percent lower, the steepest decline on record.
The Fed said it will continue bond purchases at least at the current rate, around $1 trillion a year.
Terrifying annualized figures risk producing an exaggerated view of the economic toll of the coronavirus.
Although views of the present situation remained at June levels, the outlook for the near future suffered a steep decline.
July saw the third straight month of rising production in Texas manufacturing plants.
Auto orders surged. Core capital goods rose strongly. But aircraft orders plunged as airlines canceled orders amid plunging booking.
Americans are in a stampede to buy houses to shelter from disease, crime, shuttered schools, and other urban dangers.
Plans to release the coronavirus relief proposal fell apart Thursday afternoon.
A key measure supporting household incomes during the pandemic’s mass unemployment will be preserved but reduced in the next relief bill.
U.S. weekly jobless claims jumped higher in mid-July.
Existing-home sales grew at a record pace in June, a huge rebound after three straight months of sales declines caused by the ongoing pandemic.
The U.S. economy cannot create enough jobs in the next few months to take back all those thrown into unemployment by the pandemic.
An overwhelming majority of economists in a recent survey said that it was a lack of jobs keeping down employment, not enhanced unemployment benefits.
Consumer sentiment lost ground in the early weeks of July.
More evidence of the flight to the suburbs after lockdowns, riots, defund the police protests, school closings, and surging crime
Americans are seeking homes outside of the cities in the aftermath of riots, looting, police defunding campaigns, resurgent crime, and months-long lockdowns
The data paint a picture of an economy reeling from the pandemic, with sales surging by record amounts after historic declines in March and April.
A smaller than expected decline
The Consumer Price Index showed that prices for many goods and services ticked up a bit in June but no sign of rising inflationary pressure.
Small business owners are feeling much more optimistic. The Small Business Optimism Index increased 6.2 points in June to 100.6, the National Federation of Independent Business said Tuesday. That beat expectations of 96.7 and was above even the high end
Sales dropped by less than expected in the second quarter thanks to a surge in purchases of oatmeal and snacks.
Margins were squeezed in June as the economy grappled with an unsteady reopening, rioting, and widespread social unrest.
“We are all blessed to have a leader like President Trump, who is a builder,” Unanue said in a brief speech at the White House.
