US Export Sank and Good Exports Plummeted 5.8% in May

U.S. exports sank to the lowest in more than a decade while imports dropped as the coronavirus continued to curtail demand for goods and upset producers’ supply chains. Goods exports plummeted 5.8% in May from the prior month to $90.1 billion, the lowest since August 2009, according to Commerce Department data released Thursday. Imports decreased 1.2% to $164.4 billion. (Bloomberg)

Jobless claims totaled 1.48 million last week as unemployment related to the coronavirus pandemic remained stubbornly high, though those receiving benefits fell below 20 million for the first time in two months, the government reported Thursday. Economists surveyed by Dow Jones had been expecting 1.35 million claims. (CNBC)

Sumber: Danareksa Sekuritas Debt Research

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