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29000US Economy Shrinks at Record 32.9%7/30/2020 1:40:08 PM"The US economy shrank by an annualized 32.9 percent in the second quarter of 2020, compared to forecasts of a 34.1 percent plunge, the advance estimate showed. It is the biggest contraction ever, pushing the economy into a recession as the coronavirus pandemic forced many businesses including restaurants, cafes, stores and factories to close and people to stay at home, hurting consumer and business spending. Decreases were seen in personal consumption, exports, private inventory investment, nonresidential fixed investment, residential fixed investment, and state and local government spending while federal government spending jumped. The recovery will depend on the capacity of the country to control the pandemic and avoid more waves of infections. Still, the number of new cases continues to increase, making several states to scale back or pause the reopening of their economies. Fed officials see the US economy shrinking 6.5 percent in 2020."United StatesGdp Growth RateGDP CQOQ/united-states/gdp-growth
28993US Economy Shrinks 5% in Q16/25/2020 1:06:18 PM"The US economy shrank by an annualized 5 percent in the first quarter of 2020, in line with the previous estimate and ending the longest period of expansion in the country's history. It is the biggest drop in GDP since the last quarter of 2008 as the Covid-19 pandemic forced several states to impose lockdown measures in mid-March, throwing millions of people out of work. With the third estimate, an upward revision to nonresidential fixed investment was offset by downward revisions to private inventory investment, personal consumption expenditures (PCE), and exports."United StatesGdp Growth RateGDP CQOQ/articles/06252020130618.htm
28986US GDP Contracts More than Expected5/28/2020 1:31:17 PM"The US economy shrank by an annualized 5 percent in the first quarter of 2020, more than an advance estimate of a 4.8 percent contraction and ending the longest period of expansion in the country's history, the second estimate showed. It is the biggest drop in GDP since the last quarter of 2008 as the Covid-19 pandemic forced several states to impose lockdown measures in mid-March, throwing millions of people out of work. Private inventory investment was revised downwards while personal consumption and business investment shrank less than anticipated. In the second quarter of the year, the economy is seen contracting as much as 40%, which would be the biggest plunge ever as the ""stay-at-home"" orders issued in March extended through the quarter, with businesses and schools switching to remote work or canceling operations, and consumers canceling, restricting, or redirecting their spending."United StatesGdp Growth RateGDP CQOQ/articles/05282020133002.htm
28980US GDP Contracts Most Since Great Recession4/29/2020 3:42:33 PM"The US economy shrank by an annualized 4.8 percent in the first quarter of 2020, ending the longest period of expansion in the country's history, an advance estimate showed. It was the steepest pace of contraction in GDP since the last quarter of 2008, much worse than market consensus of a 4.0 percent slump, as the Covid-19 pandemic forced several states to impose lockdown measures in mid-March, throwing millions of people out of work."United StatesGdp Growth RateGDP CQOQ/articles/04292020154233.htm
28972US GDP Growth Steady at 2.1%3/26/2020 2:16:26 PM"The US economy grew 2.1 percent in Q4, the same as in Q3 and matching figures from the second estimate. Upward revision to personal consumption expenditures (PCE) was largely offset by downward revisions to federal government spending and nonresidential fixed investment. Considering full 2019, the economy advanced 2.3 percent, the least since 2016 and missing Trump administration's 3 percent target for the 2nd year."United StatesGdp Growth RateGDP CQOQ/articles/03262020141626.htm
28965US GDP Growth Unrevised at 2.1%2/27/2020 2:10:40 PM"The US economy grew 2.1 percent in Q4, the same as in Q3 and matching the advance figures. In the second estimate, the contribution from net trade was revised higher and the drag from inventories was smaller while PCE rose less than initially estimated and nonresidential investment shrank faster. Considering full 2019, the economy advanced 2.3 percent, the least since 2016 and missing Trump administration's 3 percent target for the 2nd year."United StatesGdp Growth RateGDP CQOQ/articles/02272020141040.htm
28959"US GDP Grows 2.1% in Q4, Matches Forecasts"1/30/2020 2:51:16 PM"The US economy grew 2.1% in Q4, the same as in Q3 and matching forecasts, advance estimates showed. Consumer spending slowed sharply while net trade made the biggest contribution to growth since Q2 2009 amid a fall in imports. In contrast, negative contributions came from private inventory investment and nonresidential fixed investment. Considering full 2019, the economy advanced 2.3%, the least since 2016 and missing Trump administration's 3% target for the 2nd year."United StatesGdp Growth RateGDP CQOQ/articles/01302020145116.htm
28934US Retail Sales Rise 0.3% in December1/16/2020 2:13:37 PM"Retail sales in the United States increased 0.3 percent month-over-month in December of 2019, following an upwardly revised 0.3 percent gain in the previous month and matching market expectations. Sales rebounded for food and drinks, clothes, and electronics and appliances and rose faster for gasoline. In contrast, sales of motor vehicles declined. Considering full 2019, retail sales went up 3.6 percent, after a near 5 percent gain in 2018 which was the largest in six years and reflected a boost from tax cuts."United StatesRetail Sales MomRSTAMOM/united-states/retail-sales
28926US Inflation Rate Rises to 14-Month High1/14/2020 1:50:06 PM"The US consumer price inflation rate climbed to 2.3 percent year-on-year in December 2019 from 2.1 percent in the previous month and in line with market consensus. That was the highest rate since October 2018, boosted by a sharp rebound in energy costs"United StatesInflation RateCPI YOY/united-states/inflation-cpi
28925US December Budget Deficit Smaller than Expected1/14/2020 12:16:59 PM"The US government budget deficit narrowed slightly to USD 13.3 billion in December 2019 from USD 13.5 billion in the same month of the previous year, compared to market expectations of USD 15 billion. Receipts advanced 7.4 percent on the year while federal spending rose 7 percent."United StatesGovernment Budget ValueUNITEDSTAGOVBUDVAL/united-states/government-budget-value
28918Nonfarm Payrolls Disappoint in December1/13/2020 10:21:39 AM"Nonfarm payrolls in the US increased by 145 thousand in December 2019, the least since May and following a downwardly revised 256 thousand rise in the previous month and below market expectations of 164 thousand. Notable job gains occurred in retail trade and health care, while mining lost jobs. The decline can be partially due to a later-than-normal Thanksgiving Day in 2019, which could have shifted hiring of seasonal workers, and to a boost in November from the return of workers from a GM strike. In 2019, payroll employment rose by 2.1 million, down from a gain of 2.7 million in 2018, the least since 2011."United StatesNon Farm PayrollsNFP TCH/united-states/non-farm-payrolls
28919US Jobless Rate Holds Near 50-Year Low1/10/2020 1:41:42 PM"The US unemployment rate held steady at 3.5 percent in December 2019, remaining at the lowest level since 1969 and matching market expectations. The number of unemployed people decreased by 58 thousand to 5.75 million while employment rose by 267 thousand to 158.80 million. The labor force participation rate was unchanged at 63.2 percent."United StatesUnemployment RateUSURTOT/united-states/unemployment-rate
28913US Jobless Claims Fall for 4th Straight Week1/9/2020 1:51:11 PM"The number of Americans filing for unemployment benefits fell by 9 thousand to 214 thousand in the week ending January 4th, compared to an upwardly revised 223 thousand in the previous week and against markets expectations of 220 thousand new claims. It was the fourth consecutive week of decreases in jobless claims and the lowest level since the week ended November 30th, 2019."United StatesInitial Jobless ClaimsIJCUSA/united-states/jobless-claims
28908US Services Growth at 4-Month High: ISM1/7/2020 3:26:07 PM"The ISM Non-Manufacturing PMI for the US increased to 55 in December of 2019 from 53.9 in November, slightly beating market forecasts of 54.5. The reading pointed to the biggest expansion in the services sector in four months as production and inventories rose faster while new orers, new export orders and employment slowed. Companies are positive about the potential resolution on tariffs and capacity constraints have eased a bit although difficulties with labour resources remain, according to Anthony Nieves, Chair of the ISM."United StatesNon Manufacturing PmiUNITEDSTANONMANPMI/united-states/non-manufacturing-pmi
28907US Trade Gap Lowest in Over 3 Years1/7/2020 2:15:11 PM"The US trade deficit narrowed to $43.1 billion in November of 2019 from a downwardly revised $46.9 billion gap in the previous month. It compares with market expectations of a $43.8 billion shortfall. The trade gap shrank for the third straight month to the lowest since October 2016. Year-to-date, the total deficit decreased $3.9 billion. The trade war with China seems to be the main cause behind the lowest trade gap. Although a lower trade deficit is likely to impact positively on GDP growth, concerns remain over the impact of falling imports in consumer spending, the largest component of GDP."United StatesBalance Of TradeUSTBTOT/united-states/balance-of-trade
28901Fed to Hold Rates for a Time: Minutes1/3/2020 7:40:29 PM"Federal Reserve officials agreed that the current interest rate stance is likely to remain unchanged for a period of time, despite raising concerns that low interest rates could exacerbate imbalances in the financial sector, minutes of the December policy meeting showed. Policymakers also pledged to discuss changes to the way the central bank manages liquidity in financial markets at future meetings, including the potential role of a standing repo facility, the setting of administered rates, and the composition of the Fed's holdings of Treasury securities over the longer run."United StatesInterest RateFDTR/united-states/interest-rate
28898US Factory Activity Shrinks the Most in 10-1/2-Years: ISM1/3/2020 3:32:35 PM"The ISM Manufacturing PMI in the US fell to 47.2 in December of 2019 from 48.1 in November, well below market expectations of 49. The reading pointed to the fifth straight month of declining manufacturing activity, and the worst since June of 2009. New orders, production, employment and new export orders also shrank at faster paces and price pressures increased."United StatesBusiness ConfidenceNAPMPMI/united-states/business-confidence
28895US Manufacturing PMI Revised Down: Markit1/2/2020 3:57:19 PM"The IHS Markit US Manufacturing PMI was revised slightly lower to 52.4 from 52.5 in December. It compares with 52.6 in the previous month. Output and new business expanded modestly while employment growth was the second-fastest since May. Business confidence picked up, with optimism reportedly stemming from new product development, new client wins and investment in new facilities."United StatesManufacturing PmiUNITEDSTAMANPMI/united-states/manufacturing-pmi
28880US Jobless Claims Fall in Latest Week12/26/2019 1:47:50 PMThe number of Americans filling for unemployment benefits decreased by 13 thousand to 222 thousand in the week ended December 21 from the previous week's upwardly revised 235 thousand and compared with market expectations of 224 thousand.United StatesInitial Jobless ClaimsIJCUSA/articles/12262019133419.htm
28878US New Home Sales Rebound in November12/23/2019 3:11:41 PM"Sales of new single-family houses in the United States rose 1.3 percent from the previous month to a seasonally adjusted annual rate of 719 thousand in November 2019, recovering from a 2.7 percent drop in October and easily beating market expectations of a 0.3 percent fall, as low mortgage rates continued to support the housing market."United StatesNew Home SalesUNITEDSTANEWHOMSAL/united-states/new-home-sales