Aug 21 California’s jobless rate improves, but economy still struggles to make a full comeback By Adam Beam, Associated Press California added more than 140,000 jobs in July and lowered its unemployment rate to 13.3%. But the unemployment rate is still higher than it ever was during the Great Recession a decade ago. Continue reading
Aug 20 U.S. jobless claims rise to 1.1 million amid COVID-19 By Christopher Rugaber, Associated Press The latest figures suggest that more than five months after the viral outbreak erupted the economy is still weak, despite recent gains as some businesses reopen and some sectors like housing and manufacturing have rebounded. Continue reading
Aug 14 Watch 5:29 The pandemic has created unexpected summer jobs for these young people By John Yang, Gretchen Frazee The summer job is a rite of passage for many teens and younger adults. Because of the pandemic, however, traditional roles such as camp counselor, lifeguard and waiter, are scarce. But as John Yang reports, some local governments are providing… Continue watching
Aug 14 Watch 3:52 Voices of Americans suffering the pandemic’s economic harm By Rhana Natour It has been two weeks since the federal government’s previous coronavirus relief package expired, and Democrats and Republicans appear no closer to a new deal. That means $600 less per week in unemployment benefits for many Americans, and millions of… Continue watching
Aug 07 Watch 3:42 With no deal on pandemic relief bill, Trump says he’ll use executive action The White House and congressional Democrats have again failed to agree on a new pandemic relief package. House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer met with Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark… Continue watching
Aug 07 Watch 3:08 How these Americans are coping with the pandemic’s financial fallout By Maea Lenei Buhre The economy has recovered some of the jobs lost during the early weeks of the pandemic -- but that growth now seems to be slowing. Millions of Americans still don’t have work, with many now receiving less money in unemployment. Continue watching
Aug 07 U.S. added 1.8 million jobs in July, a sign that hiring has weakened By Christopher Rugaber, Associated Press Many employers have been reluctant or unable to hire, with about two-thirds of the nation having paused or reversed reopening plans early last month. Continue reading
Aug 06 Watch 7:43 During economic collapse, business owners with criminal records are haunted by their past By Paul Solman, Sam Lane American businesses suffering through the pandemic’s economic fallout have received hundreds of billions of dollars in federal loans since the Paycheck Protection Program opened this spring. But accessing that funding was challenging for business owners with criminal records. Economics correspondent… Continue watching
Aug 06 Laid-off workers endure loss of $600 aid calling it a ‘nightmare’ By Sarah Skidmore Sell, Paul Wiseman, Associated Press Even if Congress does reach a deal, the extra unemployment amount is likely to be less than $600. By the time the money starts flowing, it could be too late for many Americans who are already in dire straits. Continue reading
Aug 06 WATCH: Pelosi and Schumer urge continued unemployment assistance By Associated Press At a news conference Thursday morning, Pelosi and Senate Minority Leader Chuck Schumer, D-N.Y., staked out a firm position to extend financial assistance to unemployed Americans. Continue reading