Christopher’s Recent Stories
Nation May 08Jobless 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 0733 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 06April 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 04Federal 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 3030 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 29WATCH: 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 23Gig 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…
Economy Apr 2326 million have sought unemployment benefits since virus hit
More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday.
Economy Apr 22Many small businesses say loans won’t get them to rehire
Some small businesses that obtained a highly-coveted government loan say they won't be able to use it to bring all their laid-off workers back, even though that is exactly what the program was designed to do.
Economy Apr 16U.S. job losses mount as economic pain deepens worldwide
The ranks of Americans thrown out of work by the coronavirus ballooned Thursday to more than 20 million in just four weeks, an unprecedented collapse fueling widening protests and propelling President Donald Trump's push to relax the nation's social distancing…