CNBC Economy

Another big contributor to the decline of the jobless rate was a plunge in those on temporary layoff. That total fell by 4.8 million in June to 10.6 million after a decrease of 2.7 million in May.

The share of the workforce currently out of work with no reasonable chance of returning to their jobs is about 11%, or about 17.6 million people, according to new reserach from the Economic Policy Institute.

U.S. vehicle sales in the second quarter for General Motors, Toyota Motor and Fiat Chrysler plunged by more than 30%

The surge in mortgage demand from homebuyers over the past two months appears to be waning, even as mortgage rates continue to drop.

St. Louis Federal Reserve Bank president James Bullard has warned that a growing number of bankruptcies due to the coronavirus outbreak could lead to a financial crisis, the Financial Times reported.

Private payrolls grew by 2.369 million for the month, a bit lower than the 2.5 million expectation from economists surveyed by Dow Jones, according to a report Wednesday from ADP and Moody's Analytics.

Economists expect to see a bounceback in the second half of 2020, but the resurging virus threatens the strength of the rebound.

A face mask mandate would not only cut the daily growth rate of new cases of Covid-19, but could also save the U.S. economy up to 5% in GDP.

Consumer confidence rose more than expected in June as the U.S. loosened stay-at-home and quarantine restrictions, according to data released Tuesday.

Home prices strengthened in April, despite a national economic shutdown and a sharp drop in home sales due to the coronavirus.

"To get the employment-to-population ratio back to where it was at its peak in 2000 we need to create 30 million jobs," said Torsten Slok, Deutsche Bank's chief economist.

Pending home sales spiked a stunning 44.3% in May compared with April, according to the National Association of Realtors. That beat expectations of a 15% rise. Sales were still 5.1% lower compared with May 2019.

The second half of 2020 is here, and now it's up to the economy to prove that the stock market was right about a sharp comeback in growth.

After declining for three weeks, the number of borrowers delaying their monthly mortgage payments due to the coronavirus rose sharply.

Jobless claims totaled 1.48 million last week as unemployment related to the coronavirus pandemic remained stubbornly high. Economists surveyed by Dow Jones had been expecting 1.35 million claims.

The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-month economic period because of the coronavirus pandemic.

Sales of newly built homes jumped far more than expected in May, according to the U.S. Census. After slowing dramatically in March, as the coronavirus shut down the economy, they posted the strongest May pace since 2007, a recovery that surprised even the builders themselves. But housing starts were not nearly as strong, and builders are struggling to meet this new demand.

The recession is playing out much differently across wealth, race and gender divides. Some are bearing the brunt of the economic contagion, while others hardly feel a thing.

As the Main Street lending facility wraps up its first full week of operation, Rosengren reported brisk interest on the borrowing side amid what looks like tepid interest from banks thus far.