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Economy

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Dec 04

U.S. hiring slows sharply to 245,000 jobs as virus intensifies

By Christopher Rugaber, Associated Press

America’s employers scaled back their hiring last month as the viral pandemic accelerated across the country, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown.

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Nov 25

U.S. jobless claims rise to 778,000 as pandemic worsens

The Labor Department's report Wednesday said jobless claims climbed from 748,000 the week before.

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Nov 16

WATCH: Biden outlines plan to ease economic inequity amid pandemic

By Associated Press

Biden spoke about his plans to invest in infrastructure, technology and clean energy jobs, and create American manufacturing jobs by encouraging companies to make their products in the U.S.

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Nov 06

Unemployment drops to 6.9 percent and U.S. adds a solid 638,000 jobs

By Associated Press

The gain suggested that a tentative economic recovery may remain intact even in the face of a surging viral outbreak.

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Oct 27

Consumer confidence dips to 100.9 as virus spreads in U.S.

By Matt Ott, Associated Press

Consumer spending accounts for 70 percent of economic activity in the U.S., so a decline in confidence gets a lot of attention from economists, especially as the U.S. heads into the crucial holiday shopping season.

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Oct 25

Roads to Election 2020: What, why and how Americans are voting this election

By PBS NewsHour Weekend

PBS NewsHour Weekend criss-crossed the country including key battleground states to speak to voters about issues they most care about and how they plan to vote. We also spoke with reporters at our partner public media stations across the nation…

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Oct 18

Watch 6:08
With a tax increase on the ballot can an Ohio city shore up its finances?

By Hari Sreenivasan, Sam Weber, Connie Kargbo

In the central Ohio city of Lancaster, the onslaught of the COVID-19 pandemic stretched already thin public safety resources. Despite aid from the federal CARES Act, city officials say they need more revenue to fund the fire department and police…

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Oct 17

Cuomo: Movie theaters in NY can open Friday, with limits

By Associated Press

Theaters in New York City aren’t included, and counties must have a positivity rate below 2% on a 14-day average and have no “cluster zones.”…

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Oct 12

2 Stanford economists win Nobel prize for auction theory

By Associated Press

Two American economists won the Nobel Prize on Monday for improving the theory of how auctions work and inventing new and better auction formats that are now woven into many parts of the economy.

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Oct 04

Pope: Market capitalism has failed in pandemic, needs reform

By Nicole Winfield, Associated Press

Pope Francis says the coronavirus pandemic has proven that the “magic theories” of market capitalism have failed and that the world needs a new type of politics that promotes dialogue and solidarity and rejects war at all costs.

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