Layoffs continue as 840,000 seek unemployment aid
The government will provide its latest picture Thursday of the pace of layoffs in the United States, which have remained high since the viral pandemic erupted in March while federal aid for the jobless has lapsed.
IRS reaching out to millions who have not claimed $1,200 stimulus check
The head of the IRS, on the defensive over millions of Americans in danger of missing coronavirus relief payments, says the agency is reaching out to low-income and homeless people, military personnel and veterans and those with limited English to notify them they may be eligible.
Trump administration to limit skilled-worker visas citing COVID-19 job losses
The Trump administration has announced plans to sharply limit visas issued to skilled workers from overseas.
Fed chair warns lack of further COVID-19 stimulus imperils economic recovery
Federal Reserve Chair Jerome Powell warned that a recovery from the COVID-19 pandemic recession could falter unless the federal government supplies additional stimulus relief.
Trump halts COVID-19 stimulus talks until after election
President Donald Trump says he has instructed aides to stop negotiating on another round of COVID-19 relief until after the election.
IRS extends deadline for millions of Americans to register for stimulus check
Millions of Americans who are still awaiting the arrival of their coronavirus stimulus check received extra time this week to register for the one-time payment.
Gov. Whitmer says 800k Michiganders to lose unemployment benefits if court ruling goes into effect immediately
Michigan Gov. Gretchen Whitmer is urging the Michigan Supreme Court to clarify their ruling on when her emergency powers take effect, saying up to 830,000 Michiganders could lose unemployment benefits if the ruling went into effect immediately.
Hiring slows for 3rd month; US unemployment rate falls to 7.9%
America’s employers added 661,000 jobs in September, the third straight month of slower hiring and evidence from the final jobs report before the presidential election that the economic recovery has weakened.
House Democrats pass COVID-19 relief bill as talks drag on
Democrats controlling the House narrowly passed a $2.2 trillion COVID-19 relief bill Thursday night, a move that came as top-level talks on a smaller, potentially bipartisan measure dragged on toward an uncertain finish. An air of pessimism has largely taken over the Capitol.
Layoffs remain high as 837,000 seek unemployment aid
The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer.
Man charged for seeking PPP loans for fake companies with 'Game of Thrones' names
The fraudulent businesses the man sought out loans for included “White Walker,” “Khaleesi,” and “The Night’s Watch,” according to the DOJ.
2nd round of stimulus checks would be in relief bill: Mnuchin
The Treasury Secretary says a potential coronavirus relief package will include another round of checks for Americans.
American will furlough 19,000 as clock runs out on airlines
American Airlines will begin furloughing 19,000 employees on Thursday after lawmakers and the White House failed to agree on a broad pandemic-relief package that includes more federal aid for airlines.
Disney to lay off 28,000 workers at its parks in California, Florida
Disney is laying off 28,000 U.S.-based employees across its Parks, Experiences and Products division due to continued struggles caused by the coronavirus pandemic, the company announced in a statement on Tuesday.
House Democrats unveil new $2.2T proposal for coronavirus aid
The latest Democratic measure would revive a $600-per-week pandemic jobless benefit and send a second round of $1,200 direct payments to most individuals.
Best Buy hiring thousands for upcoming holiday season amid pandemic
New numbers from the Labor Department show just how bleak the job market is right now, which is why Best Buy is getting swamped on the first day of its holiday season job fair.
Chicago man brews up successful coffee business amid pandemic
A Humboldt Park man credits the pandemic for helping him brew up a successful business plan.
Some Harvey business owners forced to come up with $10K deposit for back taxes
Some business owners in Harvey received a letter that was dated for Sept. 18 saying they needed to pay $10,000 as a security deposit towards the liquor excise tax that same day before City Hall closed, giving them just hours to come up with the money.
Mark Cuban pitches $1,000 stimulus checks for Americans every 2 weeks for 2 months
Cuban tweeted that 128 million households in the country should be given $1,000 every two weeks for the next two months with a stipulation that they spend the money in 10 days or lose the money.