Apr 02 Watch 4:29 Stories from Americans suffering the pandemic's financial fallout The loss of jobs caused by the coronavirus pandemic and its fallout is unprecedented in the U.S. Over 10 million Americans became unemployed in the past two weeks alone -- and economists say there are many more who have not… Continue watching
Apr 02 Wall Street rises as higher oil prices revive energy stocks By Stan Choe, Damian J. Troise, Associated Press Stocks rose on Wall Street Thursday, largely due to gains for energy companies, after the price of oil bounced further off its lowest level in 18 years. Continue reading
Apr 01 Rent is due and many struggle to pay amid virus outbreak By Associated Press For millions of Americans, Wednesday is the first time the landlord is knocking on the door since the coronavirus outbreak turned the economy upside down. Continue reading
Mar 30 How the coronavirus' economic toll could also affect public health By Gretchen Frazee Health economists emphasize that how the U.S. responds to this crisis will affect the number of people who die not only from the virus itself, but from the side effects of an economic downturn. Continue reading
Mar 26 U.S. jobless claims hit 3.3 million, quadruple previous record By Associated Press The surge in weekly applications was a stunning reflection of the damage the viral outbreak is doing to the economy. Continue reading
Mar 06 Watch 4:52 News Wrap: February jobs report shows strongest U.S. hiring since 2016 In our news wrap Friday, the latest jobs report showed the strongest pace of hiring since 2016. The Labor Department said employers added a net 273,000 jobs in February, and the unemployment rate matched a 50-year low of 3.5 percent. Continue watching
Mar 06 U.S. added 273K jobs in February before virus escalated By Christopher Rugaber, Associated Press If employers were to start slashing jobs as a consequence of the virius, it could significantly escalate the economic damage. Continue reading
Feb 28 Powell says Fed will 'use our tools' to support economy amid coronavirus concerns By Christopher Rugaber, Associated Press Federal Reserve Chairman Jerome Powell pledged Friday that the Fed will "use our tools" to support the economy, an effort to ease fears and a strong signal of a likely rate cut, perhaps at its next meeting March 17-18. Continue reading
Feb 11 WATCH: Federal Reserve Chair Powell says economy looks resilient despite risk of China virus By Martin Crutsinger, Associated Press Powell said the Fed is monitoring developments stemming from the coronavirus, which he said "could lead to disruptions in China that spill over to the rest of the global economy."… Continue reading
Feb 10 Watch 4:07 What Trump's proposed 2021 budget says about his policy priorities President Trump unveiled a $4.8 trillion budget proposal for the 2021 fiscal year on Monday. His plan includes cuts to Medicaid and other social safety net programs, as well as an increase in funding for the Department of Homeland Security. Continue watching