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Pandemic’s economic impact: Huge GDP drop, another unemployment rise

During the second quarter, the GDP lost 32.9%.

Personal income, consumer spending rose in February

Personal income increase 1.1 percent in February after a 3.7 percent drop the month prior, according to the Bureau of Economic Analysis.

February retail sales post highest gain in months

U.S. retail sales in February posted the highest gain in five months, according to a new Department of Commerce report.

Home sales on the rise

Home sales in the nation are at the highest level in 2.5 years, the U.S. Department of Commerce reports.

ADP reports businesses added 162,000 jobs in Sept.

U.S. private sector employers are projected to have added 162,000 new jobs in September, according to a report released by payroll services firm Automatic Data Processing (ADP) Inc.

Markets slip as U.S. payrolls increase by 80,000

Private sector employment increased by 84,000, while the unemployment rate held steady at 8.2 percent.

Nation upbeat as New York plays catch-up in job recovery

In advance of the Commerce Department’s announcement that the U.S. economy added 243,000 jobs in January, New York Comptroller Thomas DiNapoli painted a dimmer picture of the state’s own recovery.