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COVID-19 and the Economy

What you need to know about the COVID-19 pandemic's effects on America's economy, and what it means for your finances.

US unemployment claims fall to 364,000, a new pandemic low

US unemployment claims fall to 364,000, a new pandemic low

U.S. unemployment claims dropped by 51,000 last week to 364,000, the lowest level since the pandemic began in 2020.

July 1, 2021 7:43am CDT
Puerto Rico to receive nearly $4B in US pandemic relief funds

Puerto Rico to receive nearly $4B in US pandemic relief funds

Strict conditions had prevented the U.S. territory from receiving certain federal funds in a timely manner under the Trump administration, but these have been easing under President Biden.

June 28, 2021 8:15am CDT
Nationwide eviction moratorium extended by CDC for 30 days

Nationwide eviction moratorium extended by CDC for 30 days

Dr. Rochelle Walensky, director of the Centers for Disease Control and Prevention, extended the evictions moratorium until July 31. It had been scheduled to end June 30.

June 24, 2021 9:30am CDT
House Dems call on JPMorgan Chase to refund pandemic-era overdraft fees

House Dems call on JPMorgan Chase to refund pandemic-era overdraft fees

House Democrats from New York urged JPMorgan Chase in a letter to refund overdraft fees collected during the COVID-19 pandemic.

June 22, 2021 9:20am CDT
Child Tax Credit 2021: Here's who will receive monthly payments

Child Tax Credit 2021: Here's who will receive monthly payments

Starting July 15, monthly child tax credit payments will begin going out to millions of American families. Here’s what you need to know.

June 21, 2021 12:45pm CDT
Restaurant owner turns to robot server amid worker shortage

Restaurant owner turns to robot server amid worker shortage

After struggling with staffing issues due to the coronavirus pandemic, Carlos Gazitua invested in robots to help take customers’ orders and even deliver food to tables.

June 19, 2021 6:25am CDT
US unemployment claims tick up to 412,000 from pandemic low

US unemployment claims tick up to 412,000 from pandemic low

The Labor Department said jobless claims in the U.S. rose 37,000 from the week before to 412,000, an increase for the first time since April.

June 17, 2021 9:28am CDT
Lightfoot proposal would ban alcohol sales at Chicago stores after midnight

Lightfoot proposal would ban alcohol sales at Chicago stores after midnight

Chicago Mayor Lori Lightfoot says selling alcohol at stores late at night is a public safety issue.

June 15, 2021 6:46pm CDT
US weekly unemployment claims fall to 376,000, sixth straight drop

US weekly unemployment claims fall to 376,000, sixth straight drop

The number of Americans claiming unemployment benefits fell for the sixth straight week as the U.S. economy reopens rapidly from pandemic woes.

June 10, 2021 9:19am CDT
Expect higher menu prices as Illinois reopens: analysts

Expect higher menu prices as Illinois reopens: analysts

The Illinois Restaurant Association says to expect the largest menu price jump since 2008. 

June 9, 2021 10:03pm CDT
Could we see a fourth stimulus check? Where payments stand

Could we see a fourth stimulus check? Where payments stand

So far, over 2 million people have signed an online Change.org petition calling for recurring $2,000 per month payments.

June 4, 2021 10:27am CDT
May jobs report: US adds modest 559,000 jobs amid hiring struggles

May jobs report: US adds modest 559,000 jobs amid hiring struggles

U.S. employers in May added 559,000 jobs, which was better than April but still a sign that many companies are struggling to find enough workers.

June 4, 2021 10:20am CDT
US unemployment claims drop to 385,000, another pandemic low

US unemployment claims drop to 385,000, another pandemic low

Unemployment benefit applications in the U.S. have dropped to 385,000, down 20,000 from the week before.

June 3, 2021 8:16am CDT
Supply chain issues, unusual stock market activity as US prepares to reopen

Supply chain issues, unusual stock market activity as US prepares to reopen

Supply chain issues, sky rocketing demand and more unusual activity on the stock market: all symptoms of the economy as the country prepares to reopen.

June 2, 2021 9:50pm CDT
CTA to reduce the price of 3 unlimited-ride passes starting Friday

CTA to reduce the price of 3 unlimited-ride passes starting Friday

Prices will be reduced on three of the CTA's existing limited-ride passes as a part of the city's "Open Chicago" initiative.

May 27, 2021 2:28pm CDT
US unemployment claims fall to 406,000, a new pandemic low

US unemployment claims fall to 406,000, a new pandemic low

The number of Americans filing for unemployment benefits dropped last week to 406,000, a new pandemic low and evidence that the job market is strengthening.

May 27, 2021 8:48am CDT
Diapers, toilet paper, other consumer goods to cost more starting in June

Diapers, toilet paper, other consumer goods to cost more starting in June

The prices of many everyday items will start to rise beginning next month as the country’s economy eases its way out of the COVID-19 pandemic.

May 26, 2021 4:59pm CDT
Lightfoot unveils broad relief package for Chicago businesses, consumers

Lightfoot unveils broad relief package for Chicago businesses, consumers

Mayor Lori Lightfoot unveiled a package of ordinances on Wednesday designed to jumpstart recovery for Chicago businesses, workers and consumers in the wake of the coronavirus pandemic.

May 26, 2021 10:58am CDT
Lightfoot announces $80 million in rental assistance

Lightfoot announces $80 million in rental assistance

Mayor Lori Lightfoot and the Chicago Department of Housing are announcing a new program for families struggling to pay rent.

May 24, 2021 12:42pm CDT
Robust revenue allows Illinois to repay federal pandemic-relief loan early

Robust revenue allows Illinois to repay federal pandemic-relief loan early

Illinois Democratic leaders announced Thursday that they have agreed to repay federal pandemic-relief loans more than a year earlier than scheduled, saving taxpayers $100 million in interest.

May 20, 2021 7:46pm CDT
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Chicago man charged in armed robbery on South Side

Chicago man charged in armed robbery on South Side

First snow of La Niña winter blasts millions in mid-Atlantic, unleashing hazardous travel conditions

First snow of La Niña winter blasts millions in mid-Atlantic, unleashing hazardous travel conditions

Man riding in vehicle shot in Chicago's Gresham neighborhood, police say

Man riding in vehicle shot in Chicago, police say

Celebrity deaths of 2025: Who we’ve lost this year

Celebrity deaths of 2025: Who we’ve lost this year

Two hospitalized after crash on Chicago's South Side

Two hospitalized after crash on Chicago's South Side

Trending

7 charged in Chicago grocery store parking lot drug sales investigation, sheriff says

7 charged in Chicago grocery store parking lot drug sales investigation, sheriff says

Chicago suburb named Illinois' biggest 'boomtown' in new study

Chicago suburb named Illinois' biggest 'boomtown' in new study

‘They beat me’: Chicago mother says 6-year-old brutally bullied as school withholds video

‘They beat me’: Chicago mother says 6-year-old brutally bullied as school withholds video

Chicago man charged with murder months after deadly shooting

Chicago man charged with murder months after deadly shooting

Tasting Chicago: Bears Edition

Tasting Chicago: Bears Edition

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