Even as hiring slows, American unemployment rate falls to 8.4%
The U.S. unemployment rate fell sharply in August to 8.4% from 10.2% even as hiring slowed in August as employers added the fewest jobs since the pandemic began.
Trump says Americans can expect another round of coronavirus stimulus payments
Speaking at the White House during an interview, President Donald Trump said Tuesday that Americans can look forward to another round of stimulus checks before the end of the year.
Unemployment claims fall to 881,000 but layoffs remain elevated
The number of laid-off Americans applying for unemployment benefits fell to roughly 880,000 last week.
Joe Biden walks back threat to shut down US economy
Democratic nominee Joe Biden is clarifying his threat to shut down the U.S. economy as president if COVID-19 rages on.
Ford cutting 1,000 salaried jobs in North America, report says
Ford is shedding 1,000 jobs in North America as part of cost-cutting measures that began two years ago.
Trump's payroll tax deferral is about to take effect — what it will mean for you
Companies can stop withholding employees' payroll taxes beginning Sept. 1.
Suburban restaurant owner allegedly took $170K in PPP loans after laying off staff
A suburban restaurant owner allegedly took a $176,000 government coronavirus stimulus loan a month after laying off staff and being evicted from her Elgin restaurant’s location.
More than 1 million Americans applied for unemployment benefits
Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales and other segments of the economy rebound from a springtime collapse.
KFC drops 'finger lickin' good' slogan amid coronavirus pandemic
KFC is cleaning up its act and dropping the iconic "finger-lickin' good" slogan as the coronavirus health crisis continues.
Biden says he would shut down economy if scientists recommended it
Democratic presidential nominee Joe Biden said he would follow public health advisers’ advice if they called for a national shutdown should he take office and the coronavirus had not abated.
AP: Emails show businesses held sway over state reopening plans
Records obtained by The Associated Press show that governors worked closely with business interests as they weighed when and how to reopen their economies last spring.
'Lights, camera, action'; Movie theaters begin reopening in Illinois with new safety measures
It has been a while since many have been able to enjoy a movie inside a theatre, however, on Thursday some AMC theaters reopened across the U.S. including here in Illinois, and anyone who decided to go celebrated like it was the roaring twenties.
US unemployment claims jump back above 1 million in face of coronavirus
The coronavirus recession struck swiftly and violently. Now, with the economy still in the grip of the pandemic five months later, the recovery looks fitful and uneven — and painfully slow.
Nearly 40% of Americans who lost their jobs during pandemic can't last a month on savings
One in five respondents said their savings would last just two weeks.
Boston's 'Cheers' bar to permanently close due to coronavirus
The iconic "Cheers" bar at Boston’s Faneuil Hall will close on Aug. 30 after nearly 20 years in business.
Eviction risk of 250K Cook County homes if state doesn’t extend moratorium, Sheriff Dart warns
Cook County Sheriff Tom Dart Wednesday urged Gov. J.B. Pritzker to extend the state’s evictions moratorium past the expiration date this weekend as residents await funding assistance that is still being doled out.
IRS extends deadline to claim extra $500 for children from COVID-19 stimulus checks
People with children who did not receive the $500 in stimulus funds have until Sept. 30 to submit information about their dependents.
White House pushes compromise on post office funding, stimulus checks
Chief of Staff Meadows signals Trump would sign bill with stimulus checks, liability protection for small businesses, PPP extension and post office funding.
Trump opposes funding to USPS, acknowledging impact on mail-in voting
The Republican president said on Fox Business Network that among the sticking points over a new virus relief package were Democrats’ demand for billions of dollars to assist states in protecting the election and to help postal workers process mail-in ballots.
Pritzker announces business aid with Illinois COVID-19 dead at 7,672
Illinois Gov. J.B. Pritzker announced Wednesday the state is distributing $46 million to small businesses that have been adversely affected by the coronavirus pandemic.