Economy in Brief

• • • PREVIOUS>>>Initial jobless claims for unemployment insurance declined to 3.839 million during the week ending April 25....... Continuing claims for unemployment insurance increased to a record 17.992 million in the week ending [...]

• As consumers spend less, they use less credit. • Credit cards were pocketed ... for the time being. With the job picture eroding and storefronts shuttering, consumers acted rationally. Consumer credit outstanding declined $12.0 [...]

Germany's industrial production fell by 9.2% in March after a 0.3% gain in February. Sequential growth rates are falling across all sectors and decelerating from 12-months to six-months to three-months. In the just completed quarter, [...]

• Output per hour fell as recessionary forces emerge. • Unit labor costs rise and set one-year high. Productivity in the nonfarm business sector during Q1'20 fell 2.5% (SAAR) after an unchanged 1.2% Q4'19 rise. A 5.2% decline had been [...]

• Initial jobless claims declined to a still extremely-elevated 3.169 million in the week ending May 2. • Over the last seven weeks 33.5 million people or 20.6% of the labor force have filed new claims. • New data on the federal [...]

• Output per hour fell as recessionary forces emerge. • Unit labor costs rise and set one-year high. Productivity in the nonfarm business sector during Q1'20 fell 2.5% (SAAR) after an unchanged 1.2% Q4'19 rise. A 5.2% decline had been [...]

• Output per hour fell as recessionary forces emerge. • Unit labor costs rise and set one-year high. Productivity in the nonfarm business sector during Q1'20 fell 2.5% (SAAR) after an unchanged 1.2% Q4'19 rise. A 5.2% decline had been [...]

• Financing rates fall and are at or near record lows. • Purchase volume rose for third consecutive week as some states begin to reopen. The Mortgage Bankers Association reported that its Mortgage Loan Application Index edged up 0.1% [...]