Economy May 14 3 million more U.S. layoffs intensify fears of lasting damage Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week as the viral outbreak led more companies to slash jobs even though most states have begun to let some businesses reopen under certain restrictions.
Economy May 14 36 million have sought U.S. unemployment aid since virus hit Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week as the viral outbreak led more companies to slash jobs even though most states have begun to let some businesses reopen under certain restrictions.
Economy May 13 Powell warns of prolonged recession and unemployment The Fed and Congress have taken far-reaching steps to try to counter what is likely to be a severe downturn resulting from the widespread shutdown of the U.S. economy. But Powell cautioned that widespread bankruptcies among small businesses and extended…
Nation May 08 Jobless rate spikes to 14.7 percent, highest since Great Depression The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy.
Economy May 07 33 million have sought U.S. unemployment aid since virus hit Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades.
Economy May 06 April jobs data to show epic losses and soaring unemployment The economic catastrophe caused by the viral outbreak likely sent the U.S. unemployment rate in April to its highest level since the Great Depression and caused a record-shattering loss of jobs.
Economy May 04 Federal reserve set to launch 'Main Street' loan program With the U.S. economy sinking into a severe recession, the Federal Reserve is set to launch a high-risk program through which it will lend money to small and medium-sized companies outside the banking industry for the first time since the…
Economy Apr 30 30 million in U.S. have sought unemployment benefits since virus hit More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
Economy Apr 29 WATCH: Fed signals it will likely keep rates near zero for months Fed chair Jerome Powell suggested that given the depth of the U.S. economic catastrophe, with perhaps 30 million people having lost jobs in the past six weeks, it will “probably will take some time for us to get back to…
Economy Apr 23 Gig workers and self-employed keep waiting for jobless aid Economists say the layoffs could send the unemployment rate as high as 20%, which would be the worst level since the Great Depression. But there are many more filings for jobless aid to come, including millions of independent contractors, gig…