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Economy Oct 29

How the pandemic has shifted U.S. labor from services to goods

Economy Oct 29

U.S. economy grew at 33 percent rate in third quarter, but recovery is incomplete

The U.S. economy grew at a sizzling 33.1% annual rate in the July-September quarter — by far the largest quarterly gain on record — rebounding from an epic plunge in the spring, when the eruption of the coronavirus closed businesses…

By Martin Crutsinger, Associated Press

Arts Oct 27

Watch 6:01
Program putting artists to work during pandemic takes leaf from the past

The arts have been devastated by the pandemic, with consumer spending in the sector dropping significantly this year. Now, a pilot program in the mountains of western Massachusetts is looking to ideas from the past to ensure artists’ futures. Special…

By Jared Bowen, GBH

Economy Oct 20

Watch 6:49
Without more federal aid, U.S. economy could take years to recover from pandemic

The coronavirus relief package Congress and the White House are negotiating over has a dual purpose of easing financial hardship for the unemployed and putting more money into the hands of consumers to keep the economy running. What happens when…

Nation Oct 13

Various thresholds and payment levels for Social Security and Medicare are changing in 2019. Photo by Getty Images
Social security checks to increase modestly in 2021 despite COVID-19 economic fallout

Social Security recipients will get a modest 1.3% cost-of living-increase in 2021, but that might be small comfort amid worries about the coronavirus and its consequences for older people.

By Ricardo Alonso-Zaldivar, Andrew Taylor, Associated Press

Oct 08

U.S. layoffs remain elevated as 840,000 seek jobless aid

By Christopher Rugaber, Associated Press

The number of Americans seeking unemployment benefits fell slightly last week to a still-high 840,000, evidence that job cuts remain elevated seven months into the pandemic recession.

Continue reading

Oct 06

Fed Chair Powell says lack of further stimulus ‘would lead to a weak recovery’

By Christopher Rugaber, Associated Press

Strong financial support from the government and the Federal Reserve have spurred a solid recovery from the pandemic recession, but the rebound may falter without further aid, Fed Chair Jerome Powell warned Tuesday.

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Sep 10

Money for $300 unemployment boost to run out after 6 weeks

By Geoff Mulvihill, Associated Press

The program was created last month by President Donald Trump to replace a more generous $600-a-week supplement that had been authorized by Congress but expired.

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Sep 09

Watch 7:18
How will Woodward’s Trump revelations affect American voters?

With Election Day now less than two months away, how will revelations that President Trump intentionally misled Americans about coronavirus risk affect voter intent? The Washington Post’s Gary Abernathy and Kansas-based journalist Sarah Smarsh, author of “Heartland,” join Judy Woodruff…

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Sep 04

Watch 6:27
Despite improved jobs numbers, Americans are still struggling

The U.S. economy is continuing to climb back from its worst depths during the pandemic. The latest unemployment report contained good news about workers returning to the labor force, and about half of the 22 million jobs originally shed have…

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Full Episode
Tuesday, Jan 19

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