As a recent coronavirus resurgence threatens to derail the U.S. economy's gradual recovery from the worst downturn since the Great Depression, the spike in cases has put added pressure on Congress to pass another round of fiscal aid.
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.
As more companies signal working from home will become a permanent part of the new normal, experts believe it may force an adjustment for households that are left struggling to balance the monthly budget.
Full-time hourly associates were given a $300 bonus and part-time hourly and temporary associates received $150 on June 25.
The number of laid-off workers who applied for unemployment benefits fell to 1.48 million last week, the 12th straight drop and a sign that layoffs are slowing but are still at a painfully high level.
He’s a number one best-selling author and dynamic motivational speaker, and this morning, he joined Good Day Chicago with financial advice for weathering the pandemic. Chris Hogan from Ramsey Solutions returns with his list of ways you can set yourself up to win with money.
For the 47 percent who are worried about money issues currently, 23 percent said their cause of stress revolved around everyday expenses, which Bankrate noted was down from the 32 percent who said the same last year.
Individuals can roll distributed funds back into a plan through August, according to IRS.
Chicago small business owners impacted by virus and the unrest can now apply for grants from a $15 million fund. The deadline is now June 29.
IRS permits more Americans to tap retirement accounts without penalty.
Bicycle sales have doubled in the United States since the middle of March, as people look for new ways to keep busy, and ways to avoid public transit.
Earlier this week, Treasury Secretary Steven Mnuchin suggested the Trump administration was considering sending Americans another round of stimulus checks to offset the financial pain caused by the coronavirus pandemic and the related economic lockdown.
About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening.
An unexpectedly strong jobs report makes it appear unlikely that Americans will see a new coronavirus aid bill -- or a second IRS stimulus check.
Ipsos released its Consumer Health & Safety Index survey on Wednesday and found that the three companies excelled at proper face-covering usage, social distancing and other critical procedures that help customers minimize their chance of contracting COVID-19.
The U.S. unemployment rate fell unexpectedly in May to 13.3% — still on par with what the nation witnessed during the Great Depression — as states loosened their coronavirus lockdowns and businesses began recalling workers.
The report gives credence to the building optimism among stock investors that the economy can recover relatively quickly from its current hole.
Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.
U.S. equity markets fought for gains Tuesday after President Trump threatened to deploy the military to quell violence and looting in cities across America after the death of a black man in police custody in Minneapolis.
CBO expects a 'significant markdown' in GDP over the coming decade.