Futures declined on the rising number of coronavirus cases and hospitalizations in states that had reopened and commenced commercial activity earlier than the others.
The number of people receiving unemployment benefits also saw a slight decline in the week ended May 30, but with more than 20 million people out of work, the jobs crisis is far from over.
Larry Kudlow has stated that additional payments being made to people left unemployed during the coronavirus pandemic will end in July.
US consumer sentiment jumps more than expected in June: survey
U.K. gross domestic product fell by 10.4% from February to April
U.S. stocks plummeted on Thursday as another 1.54 million people filed for unemployment claims
Massive US layoffs continue even as businesses reopen
U.S. stocks fell on Thursday as another 1.54 million people filed for unemployment claims
Some 1.5 million Americans filed initial unemployment claims last week, bringing to 42 million the number who have done so since mid-March when the coronavirus forced the economy to shut down.
Spike in black unemployment 'heartbreaking': Fed's Powell
Hispanic unemployment has surged since February
OECD provided outlooks for two different scenarios, one included a second outbreak of virus
U.S. stocks opened on Wednesday as OECD warned of severe global recession.
Japan MPs pass record coronavirus budget
The World Bank says the global economy will shrink by 5.2% this year, which would mark the deepest recession since World War II.
The unemployment rate is expected to reach 11.8% by mid-2021
The terrible impact of the COVID-19 pandemic wiped out nearly all of the gains women have made over the last decade: Nicole Mason, IWPR president and CEO.
Almost every industry reported a gain in employment in May, with leisure & hospitality by far the biggest winner of the month.
The beginning of the recession effectively ended the 128-month expansion, the longest in history.
Italy is one of the countries hardest hit by the pandemic
Japan economy better than feared but still in recession
Virus crisis piles pressure on African media