Oct 29 Watch 6:57 How the pandemic has shifted U.S. labor from services to goods The last major economic report before Election Day indicates a 7.4 percent growth rate in economic output during the year’s third quarter. It’s a sharp rebound from the record plunge of the previous quarter, and the fastest pace since World… Continue watching
Oct 26 As virus resurges, so does fear of more economic pain By Christopher Rugaber, Associated Press With confirmed COVID cases surging across the country, there is the risk that the economy could weaken again as more people choose to hunker down at home — and that even more stimulus might be needed next year than negotiators… Continue reading
Oct 26 1 million pounds of food daily feed Houston’s hungry By Anita Snow, John L. Mone, Associated Press Distributions by the Houston Food Bank now average about 800,000 pounds (363,000 kilograms) daily after reaching the unprecedented 1 million pound mark for the first time in the spring. Continue reading
Oct 20 Study finds older workers face higher unemployment amid COVID-19 pandemic By Sarah Skidmore Sell, Associated Press From April through September, the study found that the older workers unemployment rate was 9.7% compared to 8.6% for midcareer workers. Continue reading
Oct 02 Watch 7:44 The deeply unequal economic consequences of the pandemic The last jobs report before Election Day showed the smallest monthly gain since May, raising concerns about a slowing and deeply uneven economic recovery. About half the initial 22 million jobs lost to the pandemic have been added back, but… Continue watching
Oct 01 Watch 8:13 How some older Americans are monetizing their #VanLife By Paul Solman With large parts of the economy still sputtering under the weight of the coronavirus pandemic, many people are having to scale back. But some older Americans were already living a minimalist lifestyle on the road -- and some of them… Continue watching
Oct 01 Unemployment rises in Europe as pandemic grinds on By David McHugh, Helena Alves, Associated Press Unemployment rose for a fifth straight month in Europe in August and is expected to grow further amid concern that extensive government support programs won't be able keep many businesses hit by coronavirus restrictions afloat forever. Continue reading
Sep 29 Airline workers brace for mass layoffs By Tom Krisher, Cathy Bussewitz, Associated Press About 40,000 workers in the airline industry are facing layoffs on Thursday unless Congress comes up with another aid package. Many are worried about how they'll pay for rents, mortgages and food, or for health insurance. Continue reading
Sep 17 COVID-19 danger continues to drive joblessness in US By Paul Wiseman, Associated Press Before the pandemic hit the economy, the number signing up for jobless aid had never exceeded 700,000 in a week, even in the depths of the 2007-2009 Great Recession. Continue reading
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. Continue reading