The Labor Department said Friday that unemployment rates fell in 11 states and Washington, D.C. — the fewest declines since August. Rates were unchanged in 12 states.
On Wednesday, a survey by the nation’s 12 Federal Reserve banks said hiring was “tepid” in most of its districts in June and early July. And manufacturing weakened in most regions.
Retail sales fell in June for the third straight month, the government said this week. That led many economists to downgrade their estimates for growth in the April-June quarter. Many think it will be even slower than the first quarter’s scant 1.9% annual pace.