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Today’s Date
25 April 2024
U.S. Economy
31.4% Slide to U.S. Economy in Spring
by
MARTIN CRUTSINGER, AP Economics Writer
-
Sep 30, 2020
WASHINGTON (AP) — The U.S. economy plunged at an unprecedented rate this spring and even with a record rebound expected in the just-ended third quarter, the U.S. economy will likely shrink this year, the first time...
U.S. Economy Shrank 33% Last Quarter
by
MARTIN CRUTSINGER, AP Economics Writer
-
Jul 30, 2020
WASHINGTON (AP) — The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of...
U.S. Consumer Spending Rises By 8.2%
by
MARTIN CRUTSINGER, AP Economics Writer
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Jun 26, 2020
WASHINGTON (AP) — American consumers increased their spending by a record 8.2% in May, partly erasing record plunges the previous two months, against the backdrop of an economy that’s likely shrinking by its steepest pace on...
Virus Impacts Jobless Claims, Economic Losses
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Jun 25, 2020
WASHINGTON (AP) — The number of laid-off workers seeking U.S. unemployment benefits dipped only slightly last week, and the economy shrank in the first three months of the year — evidence of the ongoing economic damage...
Consumer Spending Sinks By Record 13.6%
by
MARTIN CRUTSINGER, AP Economics Writer
-
Jun 10, 2020
WASHINGTON (AP) — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession. Last month’s spending decline was...
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