Insights & Understanding

Coronavirus actions and reactions continued to swing economic data in the United States. Consumer spending dropped 13.6 percent in April.

The loosening of lock downs and falling virus cases encouraged modest increases in economic activity.

The U.S. jobs report confirmed what was already known: millions of Americans are losing their jobs.

Losing your job can be financially devastating, but there are ways you can handle layoffs. Budgeting, tracking spending and taking care of unemployment are the first steps.

Economic news indicated the economic damage from COVID-19 continues to grow.

Leaders around the world announced steps to open up their economies by gradually reducing social distancing as the global economy continued to struggle.