Another 1.3 million Americans sought unemployment aid last week
The number of laid-off workers seeking unemployment benefits remained stuck at 1.3 million last week, a historically high level that indicates many companies are still cutting jobs as the viral outbreak intensifies.
Abbott says there are no plans for another statewide shutdown of Texas
“I get this question, it seems like, a thousand times a day. People are panicking thinking I’m about to shut down Texas again. The answer is no,” Abbott said.
JC Penney to close another 152 stores, cuts 1,000 jobs
The retailer is becoming a smaller operator as part of bankruptcy restructuring.
White House campaign to help jobless 'find something new'
A new White House-backed ad campaign aims to encourage people who are unemployed or unhappy in their jobs or careers to “find something new.”
Additional $600 a week in jobless benefits about to expire
The additional $600 a week in jobless benefits that became available to those collecting unemployment amid the coronavirus pandemic is slated to expire at the end of the month.
US budget deficit hits all-time high of $864 billion in June
The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
Who might be eligible for a second stimulus check and for how much money?
Another round of stimulus payments could be distributed to people earning less than $40,000, Senate Majority Leader Mitch McConnell has said.
US economy may be stalling out as viral outbreak worsens
Another 1.3 million workers sought unemployment last week, according to the Department of Labor.
Coronavirus-impacted Bed, Bath & Beyond to close over 200 stores as quarterly sales tumble
Bed, Bath & Beyond will close more than 200 stores over the next two years as part of a restructuring effort due to the coronavirus pandemic.
United sending layoff notices to nearly half of US employees
United Airlines is warning 36,000 employees - nearly half its U.S. staff - they could be furloughed in October, the clearest signal yet of how deeply the virus pandemic is hurting the airline industry.
Small business aid went beyond hard-hit companies, data show
The government handed out $521 billion through the paycheck protection program, a crucial piece of the government's $2 trillion rescue package.
Kanye West’s Yeezy apparel company received between $2 million and $5 million in COVID-19 PPP funds
Data for Paycheck Protection Program beneficiaries was released to the public by the Small Business Administration on July 6.
Miami-Dade closes restaurants, gyms for a second time due to surge in coronavirus cases
Restaurants, gyms and other businesses in Miami-Dade County must once again close their doors due to a spike in coronavirus cases in South Florida.
Lucky Brand files for bankruptcy, has offer to sell company
Lucky said it plans to close 13 stores and could shutter more during the bankruptcy process.
Illinois opening 7 more centers to support small businesses
Seven new state-run centers will open this summer to support Illinois small businesses.
US adds 4.8 million jobs as unemployment falls to 11.1%
While the jobless rate was down from 13.3% in May, it is still at a Depression-era level. And the data was gathered during the second week of June, just before a number of states began to reverse or suspend the reopenings of their economies to try to beat back the virus.
President Trump supports new round of direct coronavirus payments
President Trump also said he wants payments larger than the $1,200 the government sent to most individuals earlier this year.
Amazon, Lowe’s give 'thank you' bonuses to front-line US employees as coronavirus cases surge
The bonuses to employees come as the U.S. is seeing about 40,000 new confirmed cases per day.
Will Americans get a second coronavirus stimulus check? Your top questions answered
President Trump signaled this week that he supports sending a second round of direct cash payments to Americans still reeling from the coronavirus pandemic and subsequent economic lockdown.