President Donald Trump has a new pitch to voters for this fall. He's asking them to trust him when it comes to an economic recovery. The coronoavirus pandemic has put more than 38 million people out of work in the United States, and Trump is increasingly talking up a future recovery that probably won’t materialize until after the November election.
With millions of Americans struggling and out of work, finding a new job won’t just mean updating your resume anymore, but networking, reaching out to everyone you know and making fast adjustments.
Signs of renewed activity are surfacing across the country as states gradually reopen economies and some businesses call a portion of their laid-off staffers back to work. Yet with millions more Americans seeking unemployment aid last week, the U.S. job market remains as bleak as it’s been in decades.
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.
The future looks grim for the Class of 2020. The pandemic has shattered the economy and the high hopes of graduates who — just months ago — seemed all but assured of success. New college graduates searching for jobs will be competing not just with experienced workers but with those in another Class of 2020 — high school graduates now forced to defer their dreams of college because they can't afford it.
The coronavirus pandemic has forced recent graduates to adjust to new ways of marking a major life milestone, and new grads are entering into one of the worst job markets in history.
If you’re one of the millions of Americans making less or receiving unemployment benefits because of the coronavirus pandemic, you’re probably working to recalibrate your finances.
Federal Reserve Chair Jerome Powell expressed optimism that the U.S. economy can begin to recover from a devastating recession in the second half of the year, assuming the coronavirus doesn’t erupt in a second wave.
More construction, manufacturing and curbside retail pickups have begun in parts of New York state. Shuttered sectors of the economy started reopening slowly Friday in a wide strip down the middle of the state that was spared the brunt of the outbreak.
Retailer JCPenney filed for Chapter 11 bankruptcy protection after the coronavirus pandemic forced stores to shut, the company announced Friday evening, joining J. Crew and Neiman Marcus.
The outlook is hazy for a second cash payment for Americans who have been impacted by the coronavirus pandemic.
U.S. states are beginning to restart their economies after months of paralyzing coronavirus lockdowns, but it could take weeks until it becomes clear whether those reopenings will cause a spike in COVID-19 cases, experts said Wednesday.
House Speaker Nancy Pelosi defended the stunning $3 trillion price tag on Democrats' pandemic relief package as what is needed to confront the “villainous virus” and economic collapse.
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.
The coronavirus crisis has sent U.S. unemployment surging to 14.7%, a level last seen when the country was in the throes of the Depression and President Franklin D. Roosevelt was assuring Americans that the only thing to fear was fear itself.
The unemployment rate could reach 16% or more. Twenty-one million jobs may have been lost in April.
The economic catastrophe caused by the viral outbreak likely sent the U.S. unemployment rate in April to its highest level since the Great Depression and caused a record-shattering loss of jobs.
Mortgage balances, the largest component of household debt in the U.S., jumped by $156 billion in the first quarter.
Tim Bray said he could no longer be an Amazon VP.
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.