Manufacturing industry

Initial jobless claims rose in the latest week, while the Empire State manufacturing index slipped, and the Philadelphia Fed's rose.

Months after the pandemic caused a surge in initial claims, the numbers remain elevated.

The end-of-month economic data was positive, with even GDP coming in above expectations.

The housing market continues to lead all sectors in recovery, althoough a manufacturing and two services surveys also showed signs of recovery.

With a need to replenish inventories, experts expect the manufacturing recovery to continue.

The pace of recovery will not only be fragmented, but will take a lot longer than originally thought, according to Raphael Bostic, Federal Reserve Bank of Atlanta president.

The big gain suggests the manufacturing sector will be a positive for economic growth in the near term.

Consumer confidence sputtered even as new home sales surged, highlighting an uneven economic recovery.

Jobless claims grew, manufacturing expansion weakened and leading indicators grew less than last month.

With many states facing more coronavirus cases, experts are split on what the report will show.