Consumers took a deep breath in May, and it showed. The Conference Board, New York, reported its Consumer Confidence Index held steady in May, following sharp declines in March April that saw it drop to its lowest level in six years.
Tag: Tim Quinlan
Labor Dept. Reports 2.4 Million New Jobless Claims; Total Now 38.6 Million
Another 2.4 million Americans filed initial jobless claims last week, the Labor Department reported yesterday, bringing to 38.6 million workers who have applied for unemployment assistance since the coronavirus pandemic clobbered the U.S. economy nine weeks ago.
April Consumer Confidence Takes Another Dive
The Conference Board, New York, said its Consumer Confidence Index deteriorated further in April, following a sharp decline in March. The Index now stands at 86.9, its lowest level since 2014, down from 118.8 in March and 130.7 in February.
Coronavirus-Related Initial Jobless Claims Top 26 Million
Americans filed another 4.4 million jobless claims last week, the Labor Department said yesterday, bringing the five-week total stemming from the coronavirus pandemic to 26.5 million.
March Consumer Confidence Takes Sharp Decline
The Conference Board, New York, reported its Consumer Confidence Index declined sharply in March, as consumers’ short-term outlook all but collapsed.
For 3.3 Million Americans, Coronavirus Economy Just Got Real
The Labor Department on Thursday said unemployment claims skyrocketed to 3.3 million—the first real indicator of just how potentially devastating the economic effects of the coronavirus can be at the personal and national levels.
Consumer Confidence Rises Slightly
The Conference Board, New York, said its Consumer Confidence Index rose for the second straight month in February, albeit slightly.
Consumer Confidence Picks Up
The Conference Board, New York, said its monthly Consumer Confidence Index increased for the second straight month in January.
Consumer Confidence Drops for 4th Straight Month
The Conference Board, New York, said consumer confidence declined for the fourth consecutive month in November, albeit slightly.
October Consumer Confidence Edges Down
The Conference Board, New York, said its Consumer Confidence Index decreased marginally in October, the third straight monthly decrease.