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  • more signs that economic recovery is faltering as New Cove in 19 cases surge, the Labor Department reported Thursday.

  • The number of Americans filing first time claims for jobless benefits unexpectedly spiked higher last week to 885,000.

  • Or while the claims air well below the record of nearly seven million in March, they're still way above there's 665,000 peak hit in the great recession.

  • In another sign the recovery was slowing, the Commerce Department reported Wednesday that retail sales fell for a second straight month.

  • In a press conference this week, Federal Reserve Chair Jerome Powell said the road ahead remained, in his words, highly uncertain.

  • Ah, full economic recovery is unlikely until people are confident that it is safe to engage, re engage in a broad range of activities that's difficult to achieve.

  • As state and local governments announced new restrictions on businesses and consumers stay home, avoiding crowded places like malls and restaurants, Congress is racing to put out a relief package.

  • But economists say that will not fully offset weaker consumer spending and prevent further layoffs.

more signs that economic recovery is faltering as New Cove in 19 cases surge, the Labor Department reported Thursday.

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B1 recovery jobless engage department economic reported

U.S. jobless claims rise as recovery falters

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    林宜悉 posted on 2020/12/17
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