Economists Predict Sharp Slowdown Before Outlook Brightens Considerably

WASHINGTON—Economists forecast a strong recovery this year but warn of a sharp drop in the economic activity in the first quarter before it builds momentum following the winter. The U.S…

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Weekly Jobless Claims Surge to 965,000, Above Expectations

The number of American workers seeking state unemployment benefits last week blew by expectations to 965,000, a figure not seen since August and a historically high amount that points to a labor…

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US Weekly Jobless Claims Increase More Than Expected

WASHINGTON—The number of Americans filing first-time applications for unemployment benefits surged last week, confirming a weakening in labor market conditions as a worsening COVID-19 pandemic disrupts operations at restaurants and…

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US December Deficit Hits $144 Billion, Record For The Month

WASHINGTON—The U.S. government posted a December budget deficit of $144 billion—a record for the month—due to far higher outlays with CCP virus relief spending and unemployment benefits, while revenues ticked…

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