Business Conditions
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Recession May Have Begun for the U.S. Economy
U.S. nonfarm payrolls plunged by 701,000 jobs in March, and with record-shattering initial claims suggesting more job losses to come, a U.S. recession is a near certainty.
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Unemployment Claims Surpass Great Recession
The unprecedented economic impact of the COVID-19 outbreak is crushing the labor market.
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Manufacturing-Sector Contracts in March; Recession Probability Rising
The ISM PMI dropped below neutral in March suggesting a contraction in manufacturing and rising probability of recession.
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COVID-19 Is Hurting Consumer Attitudes
Consumer attitudes deteriorated sharply in March and are likely to show further declines in coming months as layoffs rise and economic activity plunges.
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Consumer Sentiment Fell in March with More Declines Likely
Consumer sentiment fell sharply in March and is likely to show further declines in coming months as layoffs rise and the economy slows.
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Job Losses Show Unprecedented Surge
The unprecedented economic impact of the COVID-19 outbreak is hitting economic statistics.
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Layoffs Expected to Surge
The economic impact of the COVID-19 outbreak will likely be unprecedented.
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Initial Claims Jump and Manufacturing New Orders Fall
Initial claims jumped and manufacturing new orders fell in the latest reports as the effects of the COVID-19 outbreak on economic activity spread.
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Falling Mortgage Rates May Support Housing Activity…Eventually
Near-record low mortgage rates may provide some support for housing activity eventually. However, disruptions from COVID-19 are likely to dominate economic activity for March and the second quarter.
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Weak Results for Retail Sales in February
Retail sales were broadly weak in February and are likely to show significant weakness as the effects of quarantines and lockdowns materialize, increasing the risk of recession later this year.
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•
Recession May Have Begun for the U.S. Economy
U.S. nonfarm payrolls plunged by 701,000 jobs in March, and with record-shattering initial claims suggesting more job losses to come, a U.S. recession is a near certainty.
-
•
Unemployment Claims Surpass Great Recession
The unprecedented economic impact of the COVID-19 outbreak is crushing the labor market.
-
•
Manufacturing-Sector Contracts in March; Recession Probability Rising
The ISM PMI dropped below neutral in March suggesting a contraction in manufacturing and rising probability of recession.
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•
COVID-19 Is Hurting Consumer Attitudes
Consumer attitudes deteriorated sharply in March and are likely to show further declines in coming months as layoffs rise and economic activity plunges.
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•
Consumer Sentiment Fell in March with More Declines Likely
Consumer sentiment fell sharply in March and is likely to show further declines in coming months as layoffs rise and the economy slows.
-
•
Job Losses Show Unprecedented Surge
The unprecedented economic impact of the COVID-19 outbreak is hitting economic statistics.
-
•
Layoffs Expected to Surge
The economic impact of the COVID-19 outbreak will likely be unprecedented.
-
•
Initial Claims Jump and Manufacturing New Orders Fall
Initial claims jumped and manufacturing new orders fell in the latest reports as the effects of the COVID-19 outbreak on economic activity spread.
-
•
Falling Mortgage Rates May Support Housing Activity…Eventually
Near-record low mortgage rates may provide some support for housing activity eventually. However, disruptions from COVID-19 are likely to dominate economic activity for March and the second quarter.
-
•
Weak Results for Retail Sales in February
Retail sales were broadly weak in February and are likely to show significant weakness as the effects of quarantines and lockdowns materialize, increasing the risk of recession later this year.