A Quick Overview of Today’s [Economy]

The May unemployment rate is expected to be near 20% as millions more lost jobs.

U.S. productivity falls at 0.9% rate in first quarter.

U.S. manufacturing activity pulls off 11-year low.

GDP is now projected to fall nearly 53% in the second quarter, according to a Fed gauge.

Private payrolls decline by 2.76 million in May, ADP says, a much smaller drop than feared.

Mortgage demand from home buyers shows unexpectedly strong and quick recovery, as applications spike 9% from a year ago.

Job openings tumble to lowest level in more than 5 years.

U.S. consumer prices post third straight monthly drop.

Private payrolls decline by 2.76 million in May, ADP says, a much smaller drop than feared.

Second wave of coronavirus infections could cause a worse economic disaster, experts warn.

As states reopen, it’s a race against the clock for small businesses to pay bills and stay solvent.

More than half of small businesses are looking to have PPP funds forgiven, survey says.