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By Ivette Feliciano, Connie Kargbo
The Paycheck Protection Program or PPP provides federally-backed forgivable loans to businesses whose revenues may be impacted by the COVID-19 crisis. According to the Center for Responsible Lending, little of the $659 billion fund has made it to Latino and…
By Christopher Rugaber, Associated Press
Employers added jobs in 46 states last month, evidence that the U.S. economy’s surprise hiring gain in May was spread broadly across the country — in both states that began reopening their economies early and those that did so only…
By Paul Solman
The staggering number of Americans seeking unemployment benefits underscores just how many are struggling financially due to the pandemic. While the economic damage from shuttering businesses and staying home is undeniable, public health experts worry that the pressure to reopen…
The number of weekly jobless claims is the lowest since the economic shutdown began in March, but it remains far above what the U.S. has experienced during other financial crises. Jerome Powell, chairman of the Federal Reserve, said earlier this…
By William Brangham, Leah Nagy
Stay-at-home orders posed a special challenge to Americans who struggle with addiction and rely on the support of in-person recovery meetings. Many others found their alcohol consumption patterns changed significantly during the pandemic. William Brangham reports on the impact COVID-19…
By Bobby Caina Calvan, Associated Press
With the November election just five months away, Florida’s troubled unemployment system could create problems for Republicans trying to again secure the state for President Donald Trump.
By Zachary Green
When we last spoke with Jaime Waldron earlier in April, she was a homeless college student worried about completing her online studies before graduation. Now, Waldron has officially graduated from the University of Massachusetts with a degree in criminal justice.
By PBS NewsHour
New numbers from the U.S. Labor Department Friday surprised economists when the jobless rate dropped from 14.7 percent in April to 13.3 percent in May. But there was a note on the official report called a “misclassification error” that makes…
By Andrew Taylor, Associated Press
Republicans say the numbers vindicate their decision to take a pause and assess the almost $3 trillion in assistance they already have approved. The White House was already showing little urgency about pursing another trillion-dollar response bill, much less the…
Jobs numbers from May were unexpectedly strong, catching most economists by surprise. But the Trump administration was quick to hail them as early indications of an economic recovery already underway. How do others interpret the new data -- and what…
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