U.S. Economic News
May 6, 2020
U.S. Economic Indicators
The ADP Employment Report shows that private-sector employment decreased by 20,236,000 jobs in April, in line with consensus expectations. The service sector lost 16,007,000 jobs, while the goods-producing sector lost 4,229,000 jobs. ADP Report
U.S. News
The Financial Times reports that Washington is considering ramping up economic measures against China amid rising anger over Beijing’s handling of the coronavirus outbreak. U.S. officials are considering new curbs on supply chains and investment flows, with particular focus on limiting technology and pharmaceutical supply chain exposure to China. FT