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more signs that economic recovery is faltering as New Cove in 19 cases surge, the Labor Department reported Thursday.
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The number of Americans filing first time claims for jobless benefits unexpectedly spiked higher last week to 885,000.
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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.
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In another sign the recovery was slowing, the Commerce Department reported Wednesday that retail sales fell for a second straight month.
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In a press conference this week, Federal Reserve Chair Jerome Powell said the road ahead remained, in his words, highly uncertain.
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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.
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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.
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But economists say that will not fully offset weaker consumer spending and prevent further layoffs.