Layoffs and pay cuts are now striking more white collar jobs
The record-setting flood of layoffs unleashed by the viral outbreak is extending beyond the services industries that bore the initial brunt and are still suffering most. White collar employees, ranging from software programmers and legal assistants to sales associates and some health care workers, are absorbing layoffs or salary cuts.
The record-setting flood of layoffs unleashed by the viral outbreak is extending beyond the services industries that bore the initial brunt and are still suffering most. White collar employees, ranging from software programmers and legal assistants to sales associates and some health care workers, are absorbing layoffs or salary cuts.
Small business loan program runs out of money, no longer accepting applications
A popular small business relief program ran out of funds on Thursday morning, as billions of dollars in additional coronavirus aid remain stuck in congressional limbo.
A popular small business relief program ran out of funds on Thursday morning, as billions of dollars in additional coronavirus aid remain stuck in congressional limbo.
5.2 million more seek jobless aid as number of laid-off people keeps mounting
The number of Americans seeking unemployment benefits jumped by 5.25 million last week, as massive job losses caused by the coronavirus pandemic continued to mount.
The number of Americans seeking unemployment benefits jumped by 5.25 million last week, as massive job losses caused by the coronavirus pandemic continued to mount.
Powerful GOP allies propel Trump effort to reopen economy
Leading Republicans say the coronavirus shutdown cannot go on. Car-honking activists swarmed a statehouse Wednesday to protest stay-home restrictions. Capitol Hill staff are quietly drafting bills to undo the just-passed rescue aid and push Americans back to work.
Leading Republicans say the coronavirus shutdown cannot go on. Car-honking activists swarmed a statehouse Wednesday to protest stay-home restrictions. Capitol Hill staff are quietly drafting bills to undo the just-passed rescue aid and push Americans back to work.
Mnuchin, Schumer rev up talks as small business aid runs dry
With a key coronavirus rescue fund nearly exhausted, negotiations are accelerating in Washington over President Donald Trump’s $250 billion emergency request to help smaller employers across the country keep workers on their payroll.
With a key coronavirus rescue fund nearly exhausted, negotiations are accelerating in Washington over President Donald Trump’s $250 billion emergency request to help smaller employers across the country keep workers on their payroll.
US relief checks begin arriving as economic damage piles up
Government relief checks began arriving in Americans’ bank accounts as the economic damage to the U.S. from the coronavirus piled up Wednesday and sluggish sales at reopened stores in Europe and China made it clear that business won’t necessarily bounce right back when the crisis eases.
Government relief checks began arriving in Americans’ bank accounts as the economic damage to the U.S. from the coronavirus piled up Wednesday and sluggish sales at reopened stores in Europe and China made it clear that business won’t necessarily bounce right back when the crisis eases.
Great Depression-sized slowdown seen
Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast.
Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast.