TV News LIES

Sunday, Nov 27th

Last update08:34:00 AM GMT

You are here News Economy Retail Sales in U.S. Collapse by 16% in Steepest Drop on Record

Retail Sales in U.S. Collapse by 16% in Steepest Drop on Record

E-mail Print PDF

Retail sales dropU.S. retail sales endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the Great Depression.

The deepening economic slump was underscored by other data on Friday that showed production at industries collapsed last month at its deepest pace in 101 years. The reports, combined with a historic 20.5 million job losses in April, buttressed Federal Reserve Chair Jerome Powell’s warning on Wednesday of an “extended period” of weak growth and stagnant incomes.

More...


Most Recent Related Stories...


Ford recalls 634,000 vehicles worldwide over fire risks

Ford recallFord Motor Co (F.N) is recalling 634,000 sport utility vehicles (SUVs) worldwide over fire risks from...

Crypto exchange FTX files for bankruptcy amid $8 billion shortfall

FTX files for bankruptsy FTX Trading on Friday filed for Chapter 11 bankruptcy, capping a sudden and startling downfall for...

Georgia Supreme Court Reinstates Abortion Ban

Georgia Court reinstates abortionThe Georgia Supreme Court Wednesday reinstated the state’s ban on abortions after roughly six weeks of...

The big reveal: New laws require companies to disclose pay ranges on job postings.

New laws require employers to list salary range Trey Ditto remembers the moment when the salary ranges for his company's positions were revealed. Ditto...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!