41 million have lost jobs since virus hit, but layoffs slow
About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed.
Stocks pare gains fueled by America's reopening
U.S. equity markets were mixed Wednesday as U.S. states continued with their plans to reopen America.
Rental companies selling cars at discounted prices following halt on travel amid COVID-19 lockdowns
As Hertz Global Holdings Inc., files for bankruptcy following a near-halt on most travel amid the coronavirus pandemic, rental companies have reportedly begun selling much of their fleets in an attempt to survive the devastating economic impacts of the COVID-19 lockdowns.
Stimulus payment for 4 million Americans to arrive by prepaid debit card
Instead of direct deposit or even a paper check, four million people will find their stimulus payment arrive in the form of a prepaid debit card.
Stocks flounder on recovery concerns after coronavirus jobless claims near 39M
U.S. equity markets slipped Thursday as investors weighed the pace of the economic recovery after job losses tied to COVID-19 remain elevated.
Nearly 39 million have sought US jobless aid since virus hit
Roughly 38.6 million people have now filed for jobless aid since the coronavirus forced millions of businesses to close their doors and shrink their workforces, the Labor Department said Thursday.
Coronavirus prompts Victoria's Secret to permanently close 250 US, Canada stores
Parent company L Brands will also close 50 Bath & Body Works stores in U.S. and one in Canada.
Survey: 40% of Americans fear they won't be able to retire
The current economic crisis has many Americans already planning to dip into their 401(k)s, but there are better options.
Coronavirus pandemic puts Social Security at risk of insolvency by 2030
Bipartisan Policy Institute estimated that the depletion date would jump from 2035 to 2029.
Will you get a second coronavirus stimulus check? Everything we know so far
The outlook is hazy for a second cash payment for Americans who have been impacted by the coronavirus pandemic.
36 million have sought US unemployment aid since virus hit
Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week as the viral outbreak led more companies to slash jobs even though most states have begun to let some businesses reopen under certain restrictions.
Powell warns of a possible sustained recession from pandemic
Additional rescue aid from government spending or tax policies, though costly, would be “worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,” Federal Reserve Chair Jerome Powell said.
Grocery store prices rose last month amid COVID-19 pandemic
The price index for meats, poultry, fish and eggs increased the most, according to the U.S. Bureau of Labor Statistics.
Walmart to give hourly employees another round of cash bonuses amid COVID-19 pandemic
The bonus will be $300 for full-time hourly associates and $150 for part-time hourly and temporary associates, the company said.
Trump says Americans could see a second round of stimulus payments: 'We're talking about that'
President Trump said Monday his administration is considering a second round of coronavirus stimulus payments.
Distinct possibility: ‘Temporary’ layoffs may be permanent
Call it realism or pessimism, but more employers are coming to a reluctant conclusion: Many of the employees they’ve had to lay off in the face of the coronavirus pandemic might not be returning to their old jobs anytime soon.
Unemployment 'could be' nearing Great Depression levels: Mnuchin
More than a decade of job gains were erased in April; the stunning job losses are more than double what the U.S. saw during the 2008 financial crisis.
'I hope for more work:' Undocumented immigrants thrilled to find jobs amid pandemic
"I'm very happy that I found work," Jose said in Spanish through a translator. "I now have money to send to my family. This is very important."
Jobless rate spikes to 14.7%, highest since Great Depression
The unemployment rate could reach 16% or more. Twenty-one million jobs may have been lost in April.
Bernie Sanders, Kamala Harris and Ed Markey propose $2,000 monthly payments to Americans during pandemic
The Democratic senators introduced a bill to give $2,000 a month to many Americans during the coronavirus pandemic.