While layoffs in the United States dropped to their lowest level in over 21 years in July, the number of Americans filing new claims for unemployment benefits also further declined last week
Written by rjs, MarketWatch 666News posted last week about economic effects related to the coronavirus 2019-nCoV (aka SARS-CoV-2), which produces COVID-19 disease, has been surveyed and some articles are summarized here. We cover the latest economic data, especially the prospects for an infrastructure bill, stimulus checks, government funding, the Fed, the latest employment data, housing market reports, mortgage delinquencies & forbearance, travel, layoffs, lockdowns, and schools, as well as infrastructure and GDP. The bulk of the news is from the U.S., with a few more articles from overseas at the end. (Picture below is morning rush hour in downtown Chicago, 20 March 2020.) News items about epidemiology and other medical news for the virus are reported in a companion article.
As raw material shortages continued, despite signs of some easing in supply-chain constraints, U.S. manufacturing activity grew at a slower pace in July for the second straight month
As raw material shortages continued, despite signs of some easing in supply-chain constraints, U.S. manufacturing activity grew at a slower pace in July for the second straight month