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FILE - In this April 13, 2020, file photo, signs on the boarded up 11th Street Diner pay tribute to front line workers during the new coronavirus pandemic in Miami Beach, Fla. Earlier this month, the city furloughed dozens of its workers and put in place a hiring freeze. Its mayor says the city is losing about $3.5 million a week because of lost revenue from empty hotels, idled restaurants and bars, and its shuttered world-famous shoreline. (AP Photo/Lynne Sladky, File)

With layoffs high but slowing, can US job market rise up?

By CHRISTOPHER RUGABER - Associated Press

FILE - In this Nov. 13, 2019, file photo Federal Reserve Board Chair Jerome Powell arrives to testify before the Congress Joint Economic Committee, on the economic outlook, on Capitol Hill in Washington. About a year ago, Federal Reserve policymakers were nervous. The financial markets were cratering and worries about a trade war abounded, yet the Fed couldn't gauge the economic impact. Fed policymakers turned to a backup: Consumer spending figures that the Fed had purchased from First Data, a card payment company. That data showed only a small decline in spending in December, followed by a solid gain in January. The Fed's experience provides a tantalizing glimpse of how technology could improve the way government officials track the economy. (AP Photo/Jose Luis Magana, File)

How’s the economy? Fed increasingly turns to private data

By CHRISTOPHER RUGABER - Associated Press