Apr 30 Watch 4:32 States ask for more federal aid as economic crisis deepens By Yamiche Alcindor New government jobs numbers reiterate the extent of the pandemic’s economic damage. In the last six weeks, more than 30 million Americans have lost their jobs, including another 3.8 million filing for unemployment last week. Lawmakers are still debating how… Continue watching
Apr 30 Watch 8:26 What to do if you can't afford to pay your mortgage right now With more than 30 million Americans losing jobs or businesses and others forced to take pay cuts, making monthly rent and mortgage payments has become increasingly difficult. Viewers share their challenges, and John Yang talks to the National Consumer Law… Continue watching
Apr 30 Watch 5:08 Michelle Singletary answers viewer questions about pandemic finances As Americans endure an unprecedented economic situation, they are confronting new challenges and worries about many aspects of their lives. In this week’s Ask Us, we focus on concerns about jobs and money. Michelle Singletary, The Washington Post’s finance columnist,… Continue watching
Apr 29 Unemployment surge pushing state funds toward insolvency By David A. Lieb, Associated Press A surge in unemployment caused by the coronavirus shutdown has started to take a financial toll on state jobless funds. At least six states already have asked to borrow money from the federal government to pay unemployment claims because their… Continue reading
Apr 28 Watch 9:47 Why is it so difficult for small businesses to get federal pandemic aid? Demand remains high for relief the federal Paycheck Protection Program is making available for smaller businesses. But the distribution of that money continues to be a source of controversy, and the program has been mired with technical problems. Lisa Desjardins… Continue watching
Apr 23 Watch 3:32 They were hit hard by the last recession. Now it's happening again By Lorna Baldwin, Maea Lenei Buhre The U.S. suffered a big financial hit during the Great Recession of 2008-2009. As the novel coronavirus pandemic yields another economic collapse, many of those people are losing jobs, businesses and investments again. Here are stories from four people who… Continue watching
Apr 23 Watch 6:34 Why the pandemic is making U.S. economic inequality even worse By Paul Solman A new survey by the Pew Research Center finds 43 percent of U.S. adults say they or someone in their household has suffered a job loss or pay cut due to COVID-19. With such widespread impact, it will likely take… Continue watching
Apr 23 Gig workers and self-employed keep waiting for jobless aid By Christopher Rugaber, Associated Press Economists say the layoffs could send the unemployment rate as high as 20%, which would be the worst level since the Great Depression. But there are many more filings for jobless aid to come, including millions of independent contractors, gig… Continue reading
Apr 23 Virus pushes U.S. unemployment toward highest since Depression By David Crary, Kathy Gannon, Angela Charlton, Associated Press Unemployment in the U.S. is swelling to levels last seen during the Great Depression, with 1 in 6 American workers thrown out of work by the coronavirus. Continue reading
Apr 23 26 million have sought unemployment benefits since virus hit By Christopher Rugaber, Associated Press More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday. Continue reading