Applications for U.S. unemployment benefits gradually eased last week despite a stream of business reopenings, underscoring the longer-term labor-market challenges caused by the coronavirus pandemic.

As business reopenings picked up nationwide, Americans filed nearly 2 million applications for unemployment benefits last week, reflecting a slowing — though far from a halt — in job losses.

U.S. consumer spending, which accounts for about two-thirds of the world’s largest economy, plunged in April by the most on record after the coronavirus pandemic halted purchases of all but the most essential goods and services.

U.S. retail sales and factory output registered the steepest declines on record in April, illustrating a recession so deep that it likely will take years to fully recover.

U.S. exports of goods and services plunged in March by a record and imports declined by the most in 11 years as the coronavirus pandemic stymied trade and travel.

U.S. small businesses found it a little easier to fill jobs in December, consistent with a moderating, yet still-robust, labor market, National Federation of Independent Business data showed Jan. 9.

Americans’ spending grew by more than previously reported in the third quarter, a change offset by a drag in inventories that left economic growth at a still-healthy but unrevised 2.1%.

Filings for U.S. unemployment benefits fell last week by the most since February but missed forecasts for a larger drop, potentially reflecting lingering seasonal-adjustment issues stemming from the late Thanksgiving holiday this year.

Filings for U.S. unemployment benefits declined more than expected to reach a four-week low, another sign that a resilient labor market continues to underpin the economy.